Friend of the Poor Inc

Analysis

Friend of the Poor Inc is a registered charity in United States, based in Norcross, GA. It received its IRS tax-exemption ruling in November 2006, 20 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Friend of the Poor Inc reported income of $575k and spending of $364k, leaving 37% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $338k to $575k (+70%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 79%. Over the whole period it spent 75% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Friend of the Poor Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within GA. Charities of a similar size with the same main cause include Common Threads Project ($574k), Heart Care International Inc ($575k) and The Borgen Project ($574k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $706k against liabilities of $490, net assets of $705k.