The Houston Friendship Circle Inc

Analysis

The Houston Friendship Circle Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in June 2021, 5 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, The Houston Friendship Circle Inc reported income of $231k and spending of $248k, spending 108% of what it took in. Across the 6 years on record, from December 2017 to December 2022, income fell from $418k to $231k (-45%), an average of -11% a year. The sharpest change came in the year to December 2018, when income dropped by 29%. Over the whole period it spent 104% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, The Houston Friendship Circle Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 61st percentile within TX. Charities of a similar size with the same main cause include Learning Institute of Philadelphia Inc ($231k), Jasper County Youth Fair Inc ($231k) and Sahq Backers ($230k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 11% and program service revenue 89% of the total. Other salaries and wages came to $73k. At year end it held assets of $222k against liabilities of $249k, net assets of -$26k. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.