Friends U Need Club Inc

Analysis

Friends U Need Club Inc is a registered charity in United States, based in Buford, GA. It received its IRS tax-exemption ruling in April 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, Friends U Need Club Inc reported income of $845k and spending of $697k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $433k to $845k (+95%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 67%. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends U Need Club Inc sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within GA. Charities of a similar size with the same main cause include Sunrise Meadows ($845k), American Stroke Foundation ($845k) and Lincoln Extended Day Program Inc ($845k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $127k (18% of expenses). Other salaries and wages came to $200k. At year end it held assets of $1.2m against liabilities of $322k, net assets of $864k. It reported 6 employees.