Friends & Neighbors Community Fund

Analysis

Friends & Neighbors Community Fund is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 2009, 17 years ago. Its declared purposes cover human services, 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, Friends & Neighbors Community Fund reported income of $206k and spending of $108k, leaving 48% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $177k to $206k (+16%), an average of +3.8% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends & Neighbors Community Fund sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 55th percentile within IL. Charities of a similar size with the same main cause include Hope Springs Eternal Second Chance Boutique Corp ($206k), Team One27 ($206k) and Kings Mountain Ministerial Assoc Helping Hand Fund ($205k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% of the total. At year end it held assets of $314k against liabilities of $14k, net assets of $301k.