Friends of the Master Inc

Analysis

Friends of the Master Inc is a registered charity in United States, based in Ypsilanti, MI. It received its IRS tax-exemption ruling in July 2007, 19 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 the Master Inc reported income of $125k and spending of $115k, spending 92% of its income. Across the 3 years on record, from December 2019 to December 2023, income fell from $167k to $125k (-25%), an average of -14% a year. The sharpest change came in the year to December 2023, when income dropped by 30%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Friends of the Master Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 42nd percentile within MI. Charities of a similar size with the same main cause include Sisters of the New Covenant Inc ($125k), Mercy Holistic Ministry ($125k) and Sounds of the Trumpet Inc ($125k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 42% of the total. At year end it held assets of $333k against liabilities of $305k, net assets of $29k.