Friends Fiduciary Corporation

Analysis

Friends Fiduciary Corporation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in October 1976, 50 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends Fiduciary Corporation reported income of $6.4m and spending of $5.8m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.6m to $6.4m (+39%), an average of +8.5% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends Fiduciary Corporation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within PA. Charities of a similar size with the same main cause include Hope Foundation of New Mexico Inc ($6.4m), Crotched Mountain Community Care Inc ($6.4m) and Silver Birch Ranch Inc ($6.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $499k (8.7% of expenses). Other salaries and wages came to $782k. At year end it held assets of $693.2m against liabilities of $674.1m, net assets of $19.1m. It reported 12 employees.