Friends of Ferris

Analysis

Friends of Ferris is a registered charity in United States, based in Spokane, WA. It received its IRS tax-exemption ruling in March 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Friends of Ferris reported income of $68k and spending of $67k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $34k to $68k (+103%), an average of +104% a year. The sharpest change came in the year to December 2023, when income rose by 103%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Ferris sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 22nd percentile within WA. Charities of a similar size with the same main cause include Monrovia Elementary PTO ($68k), Pemi-Baker Literacy ($68k) and Ellington Farman Library ($68k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 13% of the total. At year end it held assets of $88k against liabilities of $0, net assets of $88k.