Freundschaft Liederkranz

Analysis

Freundschaft Liederkranz is a registered charity in United States, based in Belmont, CA. It received its IRS tax-exemption ruling in July 1974, 52 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Freundschaft Liederkranz reported income of $112k and spending of $59k, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $98k to $112k (+14%), an average of +3.3% a year. The sharpest change came in the year to December 2021, when income rose by 208%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Freundschaft Liederkranz sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 42nd percentile within CA. Charities of a similar size with the same main cause include National Federation of the Blind of Maryland Inc ($112k), PTA California Congress of Parents Teachers & Students Inc ($112k) and Community of Hospitality Inc ($112k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.8% of the total. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.