Friends for Wishes

Analysis

Friends for Wishes is a registered charity in United States, based in Coldspring, TX. It received its IRS tax-exemption ruling in November 2014, 12 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, Friends for Wishes reported income of $217k and spending of $207k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $155k to $217k (+40%), an average of +8.8% a year. The sharpest change came in the year to December 2023, when income rose by 73%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends for Wishes sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 59th percentile within TX. Charities of a similar size with the same main cause include Enpuzzlement Inc ($217k), Stride Ahead Inc ($217k) and Black Dog Charity ($217k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% of the total. At year end it held assets of $47k against liabilities of $0, net assets of $47k.