Friends Inc

Analysis

Friends Inc is a registered charity in United States, based in West Bend, WI. It received its IRS tax-exemption ruling in April 1980, 46 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 Inc reported income of $1.0m and spending of $960k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $776k to $1.0m (+30%), an average of +6.8% a year. The sharpest change came in the year to December 2020, when income rose by 50%. 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 Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within WI. Charities of a similar size with the same main cause include 4word ($1.0m), Clinton County Womens Center Inc ($1.0m) and Melting Pot Foundation USA Inc ($1.0m).

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 $77k (8.0% of expenses). Other salaries and wages came to $509k. At year end it held assets of $1.6m against liabilities of $32k, net assets of $1.6m. It reported 28 employees.