Friends Program Inc

Analysis

Friends Program Inc is a registered charity in United States, based in Concord, NH. It received its IRS tax-exemption ruling in June 1976, 50 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 September 2023, Friends Program Inc reported income of $1.8m and spending of $1.3m, leaving 27% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.4m to $1.8m (+27%), an average of +6.1% a year. The sharpest change came in the year to September 2023, when income rose by 65%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends Program Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within NH. Charities of a similar size with the same main cause include Concerned Citizens for a Better Algiers Inc ($1.8m), Open Door Animal Sanctuary ($1.8m) and Salesian Boys & Girls Club Inc ($1.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 69% of the total. Compensation of current officers, directors and key employees was $77k (5.9% of expenses). Other salaries and wages came to $551k. At year end it held assets of $1.4m against liabilities of $186k, net assets of $1.2m. It reported 28 employees.