Friendship Center of Atlanta Inc

Analysis

Friendship Center of Atlanta Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in December 2015, 11 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 Center of Atlanta Inc reported income of $194k and spending of $328k, spending 169% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $248k to $194k (-22%), an average of -5.9% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 109% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friendship Center of Atlanta Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within GA. Charities of a similar size with the same main cause include Plymouth Area Community Closet ($194k), Medway Community Farm Inc ($194k) and Minnesota Special Hockey Association ($194k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 5.2% of the total. At year end it held assets of $29k against liabilities of $113k, net assets of -$83k.