Friends Together

Analysis

Friends Together is a registered charity in United States, based in Alpena, MI. It received its IRS tax-exemption ruling in November 1996, 30 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 September 2023, Friends Together reported income of $618k and spending of $593k, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $341k to $618k (+81%), an average of +16% a year. The sharpest change came in the year to September 2023, when income rose by 55%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends Together sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MI. Charities of a similar size with the same main cause include Oaxaca Youth Empowerment Inc ($618k), Englishton Park Inc ($618k) and Bellas Angels Inc ($618k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 45% of the total. Other salaries and wages came to $235k. At year end it held assets of $332k against liabilities of $20k, net assets of $312k. It reported 5 employees.