Friends of the Third World Inc

Analysis

Friends of the Third World Inc is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in July 1973, 53 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 August 2023, Friends of the Third World Inc reported income of $190k and spending of $187k, spending 99% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $225k to $190k (-16%), an average of -4.2% a year. The sharpest change came in the year to August 2021, when income dropped by 26%. Over the whole period it spent 83% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Friends of the Third World Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 52nd percentile within IN. Charities of a similar size with the same main cause include Rays Missiionary Outreach Inc ($190k), Hope Haven Charities ($190k) and Global Peace Initiative of Women Religious & Spiritual Leaders Inc ($190k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 52% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $4,800 (2.6% of expenses). Other salaries and wages came to $12k. At year end it held assets of $613k against liabilities of $40k, net assets of $573k. It reported 5 employees.