Friendship Circle a NJ Nonprofit Corporation

Analysis

Friendship Circle a NJ Nonprofit Corporation is a registered charity in United States, based in Manalapan, NJ. It received its IRS tax-exemption ruling in August 2011, 15 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 Circle a NJ Nonprofit Corporation reported income of $383k and spending of $412k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $349k to $383k (+9.7%), an average of +2.3% a year. The sharpest change came in the year to December 2020, when income dropped by 21%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friendship Circle a NJ Nonprofit Corporation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 72nd percentile within NJ. Charities of a similar size with the same main cause include Letters Charity ($383k), Heritage Senior Center Inc ($383k) and Women Lead ($382k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.1% of the total. Other salaries and wages came to $222k. At year end it held assets of $107k against liabilities of $71k, net assets of $37k. It reported 16 employees.