Project Friendship Inc

Analysis

Project Friendship Inc is a registered charity in United States, based in Northfield, MN. It received its IRS tax-exemption ruling in November 1987, 39 years ago. 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 2024, Project Friendship Inc reported income of $129k and spending of $102k, leaving 21% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $108k to $129k (+20%), an average of +20% a year. The sharpest change came in the year to June 2024, when income rose by 20%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Project Friendship Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within MN. Charities of a similar size with the same main cause include Backpack Assistance Program ($129k), Kingfisher Meals on Wheels Inc ($129k) and Parent Booster USA Inc ($129k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 97% of the total. At year end it held assets of $166k against liabilities of $1,577, net assets of $164k.