Friends for Education

Analysis

Friends for Education is a registered charity in United States, based in Prosper, TX. It received its IRS tax-exemption ruling in May 2011, 15 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 for Education reported income of $238k and spending of $237k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $247k to $238k (-3.7%), an average of -0.9% a year. The sharpest change came in the year to December 2023, when income rose by 154%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends for Education sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 61st percentile within TX. Charities of a similar size with the same main cause include Jazz Academy of Music Inc ($238k), Northern Research Technical Assistance Center ($238k) and Ennis Public Theatre ($238k).

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 $81k against liabilities of $0, net assets of $81k.