Friendshipworks Inc

Analysis

Friendshipworks Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in July 1992, 34 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Friendshipworks Inc reported income of $1.3m and spending of $1.3m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $1.3m (+30%), an average of +6.7% a year. The sharpest change came in the year to June 2023, when income rose by 34%. Over the whole period it spent 102% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Friendshipworks Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MA. Charities of a similar size with the same main cause include Time Out Youth ($1.3m), Rise Ministries Inc ($1.3m) and Yeshiva Eitz Chaim of Hillside Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $738k. At year end it held assets of $1.1m against liabilities of $78k, net assets of $975k. It reported 22 employees.