Friendship Circle of the Five Towns Inc

Analysis

Friendship Circle of the Five Towns Inc is a registered charity in United States, based in Cedarhurst, NY. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Friendship Circle of the Five Towns Inc reported income of $186k and spending of $210k, spending 113% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $232k to $186k (-20%), an average of -10% a year. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friendship Circle of the Five Towns Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within NY. Charities of a similar size with the same main cause include Cvpe Educational Forum Inc ($186k), The Devops Collective Inc ($186k) and Raphaels Garden ($186k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $187k against liabilities of $28k, net assets of $159k.