Friends for Neighborhood Progress

Analysis

Friends for Neighborhood Progress is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in November 1975, 51 years ago. 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 for Neighborhood Progress reported income of $285k and spending of $364k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $310k to $285k (-7.9%), an average of -2.0% a year. The sharpest change came in the year to December 2020, when income rose by 123%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends for Neighborhood Progress sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within MD. Charities of a similar size with the same main cause include North River Arts Society Inc ($285k), Primeira Igreja Batista Brasileira de Orlando ($285k) and Educational Residential Program Inc ($285k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 4.2% of the total. Compensation of current officers, directors and key employees was $69k (19% of expenses). At year end it held assets of $1.2m against liabilities of $45k, net assets of $1.2m. It reported 3 employees.