Friends of Achievers Inc

Analysis

Friends of Achievers Inc is a registered charity in United States, based in Denton, TX. It received its IRS tax-exemption ruling in December 2002, 24 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Friends of Achievers Inc reported income of $161k and spending of $174k, spending 108% of what it took in. Across the 2 years on record, from May 2022 to May 2023, income fell from $192k to $161k (-16%), an average of -16% a year. The sharpest change came in the year to May 2023, when income dropped by 16%. Over the whole period it spent 87% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Friends of Achievers Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 53rd percentile within TX. Charities of a similar size with the same main cause include Oklahoma Firefighters Burn Camp Inc ($161k), South Western York Baseballassociation Inc ($161k) and Gulf Breeze Quarterback Club Inc ($161k).

On its Form 990-EZ for the period ending May 2023, revenue came from contributions and grants 1.4% and program service revenue 97% of the total. At year end it held assets of $120k against liabilities of $0, net assets of $120k.