Friends of Tops

Analysis

Friends of Tops is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in April 1992, 34 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Friends of Tops reported income of $233k and spending of $211k, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $253k to $233k (-7.9%), an average of -2.0% a year. The sharpest change came in the year to June 2021, when income dropped by 44%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Tops sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within WA. Charities of a similar size with the same main cause include Carthage Free Library ($233k), The St Marys County Arts Council Inc ($233k) and The Standby Program Inc ($233k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 105% of the total. At year end it held assets of $431k against liabilities of $0, net assets of $431k.