Friends in Deed

Analysis

Friends in Deed is a registered charity in United States, based in Ypsilanti, MI. It received its IRS tax-exemption ruling in April 1984, 42 years ago. 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 in Deed reported income of $753k and spending of $723k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $576k to $753k (+31%), an average of +6.9% a year. The sharpest change came in the year to December 2021, when income rose by 26%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends in Deed sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MI. Charities of a similar size with the same main cause include Organization of Chinese Americans ($753k), Service League of Greenville Inc ($753k) and Friends of the University of Ottawa ($753k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Other salaries and wages came to $412k. At year end it held assets of $844k against liabilities of $8,559, net assets of $836k. It reported 11 employees.