Friendship Circle of Atlanta Inc

Analysis

Friendship Circle of Atlanta Inc is a registered charity in United States, based in Sandy Springs, GA. It received its IRS tax-exemption ruling in November 2012, 14 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 December 2022, Friendship Circle of Atlanta Inc reported income of $155k and spending of $280k, spending 180% of what it took in. Across the 5 years on record, from December 2018 to December 2022, income fell from $184k to $155k (-16%), an average of -4.1% a year. The sharpest change came in the year to December 2021, when income rose by 71%. Over the whole period it spent 111% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friendship Circle of Atlanta Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 51st percentile within GA. Charities of a similar size with the same main cause include Bridging the Gap Project Inc ($155k), Hale Ranch Foundation ($155k) and Wels Bargain Center Inc ($155k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $52k (18% of expenses). Other salaries and wages came to $86k. At year end it held assets of $39k against liabilities of $110k, net assets of -$71k. It reported 4 employees.