Friendship Circle SD Inc

Analysis

Friendship Circle SD Inc is a registered charity in United States, based in Encinitas, CA. It received its IRS tax-exemption ruling in May 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 December 2023, Friendship Circle SD Inc reported income of $2.7m and spending of $771k, leaving 71% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $515k to $2.7m (+423%), an average of +51% a year. The sharpest change came in the year to December 2022, when income rose by 1438%. Over the whole period it spent 33% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friendship Circle SD Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Intown Collaborative Ministries ($2.7m), Renville County Community Residence Inc ($2.7m) and Rutland County Parent-Child Center Inc ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $106k (14% of expenses). Other salaries and wages came to $361k. At year end it held assets of $5.2m against liabilities of $18k, net assets of $5.2m. It reported 8 employees.