Friends & Co

Analysis

Friends & Co is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in April 2010, 16 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 June 2023, Friends & Co reported income of $561k and spending of $957k, spending 171% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $776k to $561k (-28%), an average of -7.8% a year. The sharpest change came in the year to June 2022, when income rose by 360%. Over the whole period it spent 47% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends & Co sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within MN. Charities of a similar size with the same main cause include New Beginnings Family & Childrens Services Inc ($561k), Knafayim Inc ($561k) and Camden Community Alliance & Resources Inc ($561k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $100k (10% of expenses). Other salaries and wages came to $440k. At year end it held assets of $6.6m against liabilities of $299k, net assets of $6.3m. It reported 8 employees.