Friends Forever

Analysis

Friends Forever is a registered charity in United States, based in Milpitas, CA. It received its IRS tax-exemption ruling in October 2002, 24 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2022, Friends Forever reported income of $698k and spending of $545k, leaving 22% of income unspent that year. Across the 3 years on record, from December 2019 to December 2022, income grew from $460k to $698k (+52%), an average of +23% a year. The sharpest change came in the year to December 2022, when income rose by 60%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends Forever sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include Waterworks Preservation Trust Inc ($698k), Istituto Italiano Scuola ($698k) and Heartbeat Denver Incorporated ($697k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 43% and program service revenue 57% of the total. At year end it held assets of $496k against liabilities of $0, net assets of $496k.