Friends Forever Inc

Analysis

Friends Forever Inc is a registered charity in United States, based in Middlebrg HTS, OH. It received its IRS tax-exemption ruling in May 1986, 40 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends Forever Inc reported income of $105k and spending of $105k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $91k to $105k (+15%), an average of +15% a year. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends Forever Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 38th percentile within OH. Charities of a similar size with the same main cause include Trout Unlimited ($105k), Dacapo Chamber Players Inc ($105k) and American Montessori Center Inc ($105k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 73% of the total. At year end it held assets of $101k against liabilities of $0, net assets of $101k.