Friendship Mission Inc

Analysis

Friendship Mission Inc is a registered charity in United States, based in Montgomery, AL. It received its IRS tax-exemption ruling in December 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Friendship Mission Inc reported income of $964k and spending of $958k, spending 99% of its income. Across the 4 years on record, from September 2020 to September 2023, income grew from $466k to $964k (+107%), an average of +27% a year. The sharpest change came in the year to September 2022, when income rose by 53%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friendship Mission Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 82nd percentile within AL. Charities of a similar size with the same main cause include Xma Inc ($964k), Community Services Support Corporation ($964k) and Disability Network Northern Michigan ($964k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $491k. At year end it held assets of $912k against liabilities of $74k, net assets of $838k. It reported 21 employees.