Friends Development Fund Inc

Analysis

Friends Development Fund Inc is a registered charity in United States, based in Oskaloosa, IA. It received its IRS tax-exemption ruling in July 1979, 47 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 December 2023, Friends Development Fund Inc reported income of $108k and spending of $70k, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $72k to $108k (+49%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 182%. Over the whole period it spent 49% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends Development Fund Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within IA. Charities of a similar size with the same main cause include Irvine Community Nursery School ($108k), D a C Athletic Club Inc ($108k) and Startree107 ($108k).

At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.