Friendship Circle International Inc

Analysis

Friendship Circle International Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in June 2016, 10 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 2022, Friendship Circle International Inc reported income of $1.1m and spending of $1.4m, spending 128% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $1.1m to $1.1m (-2.3%), an average of -0.8% a year. The sharpest change came in the year to December 2021, when income rose by 69%. Over the whole period it spent 105% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Friendship Circle International Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Stomping Ground Camp Inc ($1.1m), Boys Club of Parkersburg Inc ($1.1m) and Jackson County Junior Fair Foundation Inc ($1.1m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $220k. At year end it held assets of $37k against liabilities of $569k, net assets of -$532k. It reported 8 employees.