Friends Research Institute Inc

Analysis

Friends Research Institute Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in August 1957, 69 years ago. Its declared purposes cover mental health and crisis intervention, 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 June 2023, Friends Research Institute Inc reported income of $10.8m and spending of $10.4m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.4m to $10.8m (+45%), an average of +9.7% a year. The sharpest change came in the year to June 2023, when income rose by 27%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Friends Research Institute Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MD. Charities of a similar size with the same main cause include Nassau County Mental Health Alcoholism & Drug Abuse Council in ($10.8m), Partnership to End Addiction ($10.8m) and National Fund for Christian Science Nursing ($10.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $795k (7.6% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $6.5m against liabilities of $1.8m, net assets of $4.7m. It reported 77 employees.