Friends of Falun Gong

Analysis

Friends of Falun Gong is a registered charity in United States, based in Wayne, NJ. It received its IRS tax-exemption ruling in May 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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 October 2022, Friends of Falun Gong reported income of $1.1m and spending of $957k, spending 85% of its income. Across the 4 years on record, from October 2019 to October 2022, income fell from $3.3m to $1.1m (-66%), an average of -30% a year. The sharpest change came in the year to October 2021, when income dropped by 53%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Falun Gong sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 83rd percentile within NJ. Charities of a similar size with the same main cause include Virginiafirst ($1.1m), Greater Tampa Chamber of Commerce Foundation Inc ($1.1m) and The Foundation for Florida Gateway College Inc ($1.1m).

On its Form 990 for the period ending October 2022, revenue came from contributions and grants 94% of the total. At year end it held assets of $2.6m against liabilities of $332k, net assets of $2.3m.