Friendship Inc

Analysis

Friendship Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in June 1977, 49 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, Friendship Inc reported income of $52k and spending of $72k, spending 139% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $56k to $52k (-7.8%), an average of -7.8% a year. Over the whole period it spent 120% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friendship Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 17th percentile within WI. Charities of a similar size with the same main cause include Missouri Congress of Parents and Teachers ($52k), Historic Deadwood Lead Arts Council ($52k) and Angel Island Association ($52k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 6.5% of the total. At year end it held assets of $61k against liabilities of $10k, net assets of $51k.