Friends Network

Analysis

Friends Network is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in April 2001, 25 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 Network reported income of $572k and spending of $584k, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $328k to $572k (+75%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 80%. Over the whole period it spent 101% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Friends Network sits at the 73rd percentile: it is larger than about 73% 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 Earth Ways Foundation Inc ($572k), Instep International Inc ($573k) and Aspire Institute Inc ($572k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $197k. At year end it held assets of $18k against liabilities of $0, net assets of $18k. It reported 6 employees.