Friendship Education Foundation

Analysis

Friendship Education Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Friendship Education Foundation reported income of $3.8m and spending of $4.0m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.9m to $3.8m (+28%), an average of +6.4% a year. The sharpest change came in the year to June 2022, when income rose by 72%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friendship Education Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 76th percentile within DC. Charities of a similar size with the same main cause include Florence Crittenton Services of Topeka Inc ($3.8m), Empower Yolo Inc ($3.8m) and Georgia Parent Support Network Inc ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 32% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $481k (12% of expenses). Other salaries and wages came to $311k. At year end it held assets of $20.4m against liabilities of $20.2m, net assets of $141k. It reported 7 employees.