Friend Incorporated

Analysis

Friend Incorporated is a registered charity in United States, based in Kutztown, PA. It received its IRS tax-exemption ruling in September 1975, 51 years ago. 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 Incorporated reported income of $414k and spending of $383k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $315k to $414k (+31%), an average of +7.1% a year. The sharpest change came in the year to December 2020, when income rose by 32%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friend Incorporated sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within PA. Charities of a similar size with the same main cause include American Opportunity Foundation ($414k), Western Foundation of Vertebrate Zoology ($414k) and Darke County Historical Society Inc ($414k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $78k (20% of expenses). Other salaries and wages came to $127k. At year end it held assets of $557k against liabilities of $152k, net assets of $405k. It reported 4 employees.