Friendship Donations Network Inc

Analysis

Friendship Donations Network Inc is a registered charity in United States, based in Ithaca, NY. It received its IRS tax-exemption ruling in March 2012, 14 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 September 2023, Friendship Donations Network Inc reported income of $73k and spending of $62k, spending 84% of its income. Across the 2 years on record, from September 2022 to September 2023, income grew from $67k to $73k (+9.2%), an average of +9.2% a year. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friendship Donations Network Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 29th percentile within NY. Charities of a similar size with the same main cause include New Fairfield Community Trift Shop Inc ($73k), Braintree Special Needs Recreation Program ($73k) and Restoring Gods Glory Ministries Incorporated ($73k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $229k against liabilities of $4,911, net assets of $225k.