Friendship Community Center Inc

Analysis

Friendship Community Center Inc is a registered charity in United States, based in Suttons Bay, MI. It received its IRS tax-exemption ruling in February 2014, 12 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, Friendship Community Center Inc reported income of $353k and spending of $358k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $257k to $353k (+37%), an average of +37% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friendship Community Center Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within MI. Charities of a similar size with the same main cause include Bayit Association Inc ($353k), Elkader Community Child Care and Learning Center ($353k) and Weascend Corporation ($353k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $60k (17% of expenses). Other salaries and wages came to $190k. At year end it held assets of $132k against liabilities of $23k, net assets of $109k. It reported 7 employees.