Friendship Ministries

Analysis

Friendship Ministries is a registered charity in United States, based in Zeeland, MI. It received its IRS tax-exemption ruling in May 1984, 42 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 June 2024, Friendship Ministries reported income of $696k and spending of $275k, leaving 60% of income unspent that year. Across the 5 years on record, from June 2019 to June 2024, income grew from $247k to $696k (+182%), an average of +30% a year. The sharpest change came in the year to June 2024, when income rose by 2425%. Over the whole period it spent 76% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Friendship Ministries sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MI. Charities of a similar size with the same main cause include Corporate Accountability Lab ($696k), H2o for Life ($696k) and Thy Bread Foundation ($696k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $90k (33% of expenses). Other salaries and wages came to $64k. At year end it held assets of $605k against liabilities of $11k, net assets of $594k. It reported 3 employees.