Friends of Ukraine

Analysis

Friends of Ukraine is a registered charity in United States, based in Lowell, MI. It received its IRS tax-exemption ruling in April 2009, 17 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Friends of Ukraine reported income of $634k and spending of $605k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $743k to $634k (-15%), an average of -15% a year. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of Ukraine sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MI. Charities of a similar size with the same main cause include Charity Bridge Fund ($634k), Cpca Ventures ($634k) and Mels Charities Inc ($633k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $144k against liabilities of $0, net assets of $144k.