Friends in Solidarity Inc

Analysis

Friends in Solidarity Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 in Solidarity Inc reported income of $911k and spending of $780k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $502k to $911k (+82%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 75%. Over the whole period it spent 79% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Friends in Solidarity Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within MD. Charities of a similar size with the same main cause include The Brenn Foundation ($911k), Hope Ethiopia Inc ($911k) and Gods Littlest Angels Inc ($910k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $1.1m against liabilities of $3,976, net assets of $1.1m.