Friends for Life Foundation Inc

Analysis

Friends for Life Foundation Inc is a registered charity in United States, based in Roswell, GA. It received its IRS tax-exemption ruling in August 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Life Foundation Inc reported income of $398k and spending of $166k, leaving 58% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $84k to $398k (+372%), an average of +47% a year. The sharpest change came in the year to December 2022, when income rose by 203%. Over the whole period it spent 56% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends for Life Foundation Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 70th percentile within GA. Charities of a similar size with the same main cause include Public Schools of Calumet Laurium & Keweenaw Foundation Inc ($398k), Inspire School Programs ($398k) and Rhode Island Construction Training Academy ($398k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 46% of the total. At year end it held assets of $258k against liabilities of $0, net assets of $258k.