George Mason Friends Inc

Analysis

George Mason Friends Inc is a registered charity in United States, based in Annandale, VA. It received its IRS tax-exemption ruling in February 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, George Mason Friends Inc reported income of $101k and spending of $130k, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $143k to $101k (-29%), an average of -8.2% a year. The sharpest change came in the year to December 2021, when income rose by 252%. Over the whole period it spent 158% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, George Mason Friends Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 37th percentile within VA. Charities of a similar size with the same main cause include San Marino Rotary Charities ($101k), Maureens Hope Foundation Inc ($101k) and Faith Revitalization Center Inc ($101k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 0.2% of the total. At year end it held assets of $429k against liabilities of $634, net assets of $429k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.