The Friendship Circle Inc

Analysis

The Friendship Circle Inc is a registered charity in United States, based in Fox Point, WI. It received its IRS tax-exemption ruling in August 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. 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, The Friendship Circle Inc reported income of $1.2m and spending of $1.4m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $729k to $1.2m (+66%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 62%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Friendship Circle Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within WI. Charities of a similar size with the same main cause include Kipp Boston Fund Inc ($1.2m), Stephen F Austin State University Alumni Association ($1.2m) and Willow Glen Community Extended Day Enrichment ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $39k (2.8% of expenses). Other salaries and wages came to $634k. At year end it held assets of $816k against liabilities of $751k, net assets of $65k. It reported 80 employees.