Friendship Center of Harbor Springs

Analysis

Friendship Center of Harbor Springs is a registered charity in United States, based in Harbor Springs, MI. It received its IRS tax-exemption ruling in August 1978, 48 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, Friendship Center of Harbor Springs reported income of $93k and spending of $93k, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $50k to $93k (+86%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 57%. 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, Friendship Center of Harbor Springs sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 35th percentile within MI. Charities of a similar size with the same main cause include Santa Barbara Deputy Sheriffs Foundation ($93k), Zane Trace Athlethic Boosters Club ($93k) and Greater Chesapeake Charitable Foundation Inc ($93k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 66% of the total. At year end it held assets of $57k against liabilities of $3,359, net assets of $54k.