Friends of the Center

Analysis

Friends of the Center is a registered charity in United States, based in Iowa City, IA. It received its IRS tax-exemption ruling in August 2006, 20 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 June 2024, Friends of the Center reported income of $120k and spending of $142k, spending 118% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $95k to $120k (+27%), an average of +6.1% a year. The sharpest change came in the year to June 2021, when income rose by 30%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends of the Center sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 41st percentile within IA. Charities of a similar size with the same main cause include Veterans Executive Corporation to Organize Rehabilitative Services ($120k), V & Me ($120k) and Be Loved Transportation ($120k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 69% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.