Family Friends Inc

Analysis

Family Friends Inc is a registered charity in United States, based in Minnetonka, MN. It received its IRS tax-exemption ruling in August 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, Family Friends Inc reported income of $128k and spending of $113k, spending 88% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $124k to $128k (+3.6%), an average of +3.6% a year. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Family Friends Inc sits at the 43rd percentile: it is larger than about 42% 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 Outdoor Heritage Foundation of Vermilion County Illinois ($128k), St Joseph-Benton Harbor Rotaryclub Foundation Inc ($128k) and Eureka Volunteer Fire Department ($128k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 94% of the total. At year end it held assets of $188k against liabilities of $2,589, net assets of $186k.