Friends Center Corporation

Analysis

Friends Center Corporation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in August 1974, 52 years ago. Its declared purposes cover unknown, 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 June 2023, Friends Center Corporation reported income of $2.0m and spending of $2.2m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $2.0m (+3.9%), an average of +1.0% a year. The sharpest change came in the year to June 2022, when income rose by 49%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends Center Corporation 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 86th percentile, and in the 84th percentile within PA. Charities of a similar size with the same main cause include Keene Valley Neighborhood Services Inc ($2.0m), Utah Pipe Trades Education Trust Fund ($2.0m) and Malta House Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.2% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $145k (6.5% of expenses). Other salaries and wages came to $173k. At year end it held assets of $13.0m against liabilities of $5.8m, net assets of $7.2m. It reported 11 employees.