Friends United for Hbcus Inc

Analysis

Friends United for Hbcus Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in January 2016, 10 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, Friends United for Hbcus Inc reported income of $120k and spending of $122k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $114k to $120k (+4.4%), an average of +4.4% a year. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends United for Hbcus Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 45th percentile within TX. Charities of a similar size with the same main cause include Research and Education Collaborative with Al-Quds Univers ($120k), Klein Oak Football Booster Club Inc ($120k) and West Virginia Sheriffs Association ($120k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $40k against liabilities of $0, net assets of $40k.