Friendship Circle of Pittsburgh Inc

Analysis

Friendship Circle of Pittsburgh Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in February 2012, 14 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 2023, Friendship Circle of Pittsburgh Inc reported income of $2.5m and spending of $1.9m, leaving 20% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $2.5m (+136%), an average of +24% a year. The sharpest change came in the year to June 2022, when income rose by 156%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friendship Circle of Pittsburgh Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within PA. Charities of a similar size with the same main cause include The Center That C a R E S Children Adult Recreational and ($2.5m), Southwest Magic Food Program ($2.5m) and Defense Priorities Foundation ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% of the total. Compensation of current officers, directors and key employees was $198k (10% of expenses). Other salaries and wages came to $684k. At year end it held assets of $9.5m against liabilities of $181k, net assets of $9.3m. It reported 22 employees.