The Friendship Center

Analysis

The Friendship Center is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in January 2000, 26 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 December 2023, The Friendship Center reported income of $2.8m and spending of $2.8m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $212k to $2.8m (+1221%), an average of +91% a year. The sharpest change came in the year to December 2023, when income rose by 298%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Friendship Center 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 89th percentile, and in the 88th percentile within IL. Charities of a similar size with the same main cause include Aging Solutions Inc ($2.8m), Alaska Childrens Trust ($2.8m) and Egenolf Early Childhood Center Association of Elizabeth New Jerse ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $337k. At year end it held assets of $755k against liabilities of $15k, net assets of $740k. It reported 10 employees.