Friendzy Inc

Analysis

Friendzy Inc is a registered charity in United States, based in Lake Oswego, OR. It received its IRS tax-exemption ruling in January 2015, 11 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Friendzy Inc reported income of $3.7m and spending of $3.1m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $271k to $3.7m (+1261%), an average of +92% a year. The sharpest change came in the year to December 2021, when income rose by 164%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Friendzy Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within OR. Charities of a similar size with the same main cause include Hebrew Life Choices Inc ($3.7m), Assessment & Treatment Alternatives Inc ($3.7m) and Dermatology Education Foundation ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $292k (9.3% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $1.6m against liabilities of $684k, net assets of $955k. It reported 26 employees.