Friends Of Community Radio
EIN: 270454098 · Asheville, NC · NTEE: A34
| Metric | Value |
|---|---|
| Total Revenue | $243K |
| Total Expenses | $244K |
| Net Assets | $133K |
Is Friends Of Community Radio Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Friends Of Community Radio
Friends Of Community Radio (EIN: 270454098) is a nonprofit organization based in Asheville, NC, classified under NTEE code A34. The organization reported total revenue of $243K and total assets of $207K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Community Radio's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of Community Radio is a small nonprofit that has been operating for 16 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 16.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $237K |
| Total Expenses | $244K |
| Surplus / Deficit | $-7,370 |
| Total Assets | $202K |
| Total Liabilities | $69K |
| Net Assets | $133K |
| Operating Margin | -3.1% |
| Debt-to-Asset Ratio | 34.3% |
| Months of Reserves | 9.9 months |
Financial Health Grade: B
In 2023, Friends Of Community Radio reported a deficit of $7K with expenses exceeding revenue, holds 9.9 months of operating reserves (strong position), has a debt-to-asset ratio of 34.3% (moderate leverage).
Financial Trends
Over 8 years of filings (2016–2023), Friends Of Community Radio's revenue has grown at a compound annual growth rate (CAGR) of 16.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.8% | +17.0% | -3.9% |
| 2022 | +19.2% | +26.3% | +13.5% |
| 2021 | +38.1% | +31.4% | +11.8% |
| 2020 | -1.2% | -13.0% | +136.8% |
| 2019 | +7.8% | +13.9% | +4.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Friends Of Community Radio has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Friends Of Community Radio with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $7K, with expenses exceeding revenue.
- Debt-to-asset ratio: 34.3%.
Frequently Asked Questions about Friends Of Community Radio
Is Friends Of Community Radio a legitimate charity?
Friends Of Community Radio (EIN: 270454098) is a registered tax-exempt nonprofit based in North Carolina. It has 8 years of IRS 990 filings on record. Total revenue: $243K. No red flags identified. Financial health grade: B.
How does Friends Of Community Radio spend its money?
Friends Of Community Radio reported $243K in total revenue in IRS 990 filings. 8 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Friends Of Community Radio tax-deductible?
Friends Of Community Radio is registered as a tax-exempt nonprofit (EIN: 270454098). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Friends Of Community Radio located?
Friends Of Community Radio is headquartered in Asheville, North Carolina and files with the IRS under EIN 270454098. It is classified under NTEE code A34.
How many years of IRS 990 filings does Friends Of Community Radio have?
Friends Of Community Radio has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $243K in total revenue.
Filing History
IRS 990 filing history for Friends Of Community Radio showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Friends Of Community Radio's revenue has grown by 187.9%, moving from $82K to $237K. Total assets increased by 195.2% over the same period, from $68K to $202K. Total functional expenses rose by 382.6%, from $51K to $244K. In its most recent filing year (2023), Friends Of Community Radio reported a deficit of $7K, with expenses exceeding revenue. The organization holds $69K in liabilities against $202K in assets (debt-to-asset ratio: 34.3%), resulting in net assets of $133K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $237K | $244K | $202K | $69K | — | — |
| 2022 | $235K | $209K | $210K | $70K | — | — |
| 2021 | $197K | $165K | $185K | $71K | — | View 990 |
| 2020 | $143K | $126K | $166K | $83K | — | — |
| 2019 | $144K | $145K | $70K | $5K | — | View 990 |
| 2018 | $134K | $127K | $67K | $2K | — | View 990 |
| 2017 | $108K | $121K | $54K | $1K | — | View 990 |
| 2016 | $82K | $51K | $68K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $237K, expenses of $244K, and assets of $202K (revenue +0.8% year-over-year).
- 2022: Revenue of $235K, expenses of $209K, and assets of $210K (revenue +19.2% year-over-year).
- 2021: Revenue of $197K, expenses of $165K, and assets of $185K (revenue +38.1% year-over-year).
- 2020: Revenue of $143K, expenses of $126K, and assets of $166K (revenue -1.2% year-over-year).
- 2019: Revenue of $144K, expenses of $145K, and assets of $70K (revenue +7.8% year-over-year).
- 2018: Revenue of $134K, expenses of $127K, and assets of $67K (revenue +24.1% year-over-year).
- 2017: Revenue of $108K, expenses of $121K, and assets of $54K (revenue +31.2% year-over-year).
- 2016: Revenue of $82K, expenses of $51K, and assets of $68K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of Community Radio:
Data Sources and Methodology
This transparency report for Friends Of Community Radio is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.