Friends of Fafg Inc

Analysis

Friends of Fafg Inc is a registered charity in United States, based in McLean, VA. It received its IRS tax-exemption ruling in March 2013, 13 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 December 2023, Friends of Fafg Inc reported income of $3.7m and spending of $3.6m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $3.7m (+189%), an average of +30% a year. The sharpest change came in the year to December 2021, when income rose by 107%. Over the whole period it spent 98% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Friends of Fafg Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within VA. Charities of a similar size with the same main cause include Partners in Aviation and Communications Technology Inc ($3.7m), Reach Another ($3.7m) and St Luke Foundation for Haiti ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $138k (3.9% of expenses). Other salaries and wages came to $67k. At year end it held assets of $167k against liabilities of $932, net assets of $166k. It reported 3 employees.