Friendship New Vision Inc

Analysis

Friendship New Vision Inc is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in May 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Friendship New Vision Inc reported income of $494k and spending of $627k, spending 127% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income fell from $539k to $494k (-8.3%), an average of -4.2% a year. Over the whole period it spent 115% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friendship New Vision Inc sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within OH. Charities of a similar size with the same main cause include Rockfish Valley Community Center Inc ($494k), Consciousness and Healing Initiative ($494k) and Calebs Kids ($494k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $43k (6.9% of expenses). Other salaries and wages came to $364k. At year end it held assets of $348k against liabilities of $177k, net assets of $170k. It reported 22 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.