Friends Council on Education

Analysis

Friends Council on Education is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in February 1951, 75 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Friends Council on Education reported income of $1.2m and spending of $1.0m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.5m to $1.2m (-24%), an average of -6.6% a year. The sharpest change came in the year to June 2020, when income dropped by 38%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends Council on Education sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within PA. Charities of a similar size with the same main cause include Stars Autism Schools Foundation Inc ($1.2m), French School of Detroit Parents Association ($1.2m) and BHM Regional Library Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $187k (18% of expenses). Other salaries and wages came to $207k. At year end it held assets of $13.4m against liabilities of $3.5m, net assets of $9.9m. It reported 6 employees.