Friendship Circle of Connecticut

Analysis

Friendship Circle of Connecticut is a registered charity in United States, based in Stamford, CT. It received its IRS tax-exemption ruling in February 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. 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 November 2023, Friendship Circle of Connecticut reported income of $418k and spending of $452k, spending 108% of what it took in. Across the 5 years on record, from November 2019 to November 2023, income grew from $384k to $418k (+9.1%), an average of +2.2% a year. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friendship Circle of Connecticut 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 CT. Charities of a similar size with the same main cause include Center for Popular Research Education and Policy ($418k), Waterloo Library & Historical Society ($419k) and NSLS Foundation Inc ($418k).

On its Form 990 for the period ending November 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $25k (5.5% of expenses). Other salaries and wages came to $92k. At year end it held assets of $124k against liabilities of $49k, net assets of $75k. It reported 8 employees.