Friend Ships

Analysis

Friend Ships is a registered charity in United States, based in Lake Charles, LA. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 May 2024, Friend Ships reported income of $1.2m and spending of $415k, leaving 64% of income unspent that year. Across the 5 years on record, from May 2020 to May 2024, income grew from $743k to $1.2m (+56%), an average of +12% a year. The sharpest change came in the year to May 2024, when income rose by 495%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friend Ships 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 81st percentile, and in the 80th percentile within LA. Charities of a similar size with the same main cause include Machon Beth Meir ($1.2m), Quad Cities Cultural and Educational Charitable Trust ($1.2m) and Texas Center for Justice and Equity ($1.2m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 78% of the total. At year end it held assets of $3.3m against liabilities of $165k, net assets of $3.1m.