Friends with Benefits

Analysis

Friends with Benefits is a registered charity in United States, based in Denton, TX. It received its IRS tax-exemption ruling in July 2015, 11 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, Friends with Benefits reported income of $88k and spending of $85k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $89k to $88k (-0.4%), an average of -0.4% a year. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends with Benefits sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 36th percentile within TX. Charities of a similar size with the same main cause include Church Parish Nurse Ministries ($88k), Who Got Game Academy ($88k) and Heritage Family Cares for You Foundation ($88k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. At year end it held assets of $39k against liabilities of $0, net assets of $39k.