Friends Forever

Analysis

Friends Forever is a registered charity in United States, based in Durham, NH. It received its IRS tax-exemption ruling in March 1997, 29 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 December 2023, Friends Forever reported income of $2.0m and spending of $863k, leaving 58% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $800k to $2.0m (+155%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 253%. Over the whole period it spent 54% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends Forever sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within NH. Charities of a similar size with the same main cause include Bishops College School Foundation ($2.0m), Shalem Healing ($2.0m) and El Progreso Library ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $127k (15% of expenses). Other salaries and wages came to $189k. At year end it held assets of $5.0m against liabilities of $710k, net assets of $4.3m. It reported 7 employees.