Friendship Circle of the West Coast

Analysis

Friendship Circle of the West Coast is a registered charity in United States, based in Pacific PLSDS, CA. It received its IRS tax-exemption ruling in February 2016, 10 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 2023, Friendship Circle of the West Coast reported income of $230k and spending of $257k, spending 112% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $8,400 to $230k (+2634%), an average of +423% a year. The sharpest change came in the year to December 2022, when income rose by 436%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friendship Circle of the West Coast sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include Foster Parents Association of Washington State ($230k), Circle of Friends Inc ($230k) and Radnor Abc Inc ($230k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $11k (4.1% of expenses). At year end it held assets of $142k against liabilities of $100k, net assets of $42k.