With Friends Inc

Analysis

With Friends Inc is a registered charity in United States, based in Gastonia, NC. It received its IRS tax-exemption ruling in August 1991, 35 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2024, With Friends Inc reported income of $663k and spending of $704k, spending 106% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $400k to $663k (+66%), an average of +11% a year. The sharpest change came in the year to June 2020, when income rose by 140%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, With Friends Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within NC. Charities of a similar size with the same main cause include Chayim Aruchim Inc ($663k), Blue Sky Support Services ($663k) and Mission Outreach of Paragould Arkansas Inc ($663k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $38k (5.3% of expenses). Other salaries and wages came to $328k. At year end it held assets of $2.3m against liabilities of $580k, net assets of $1.7m. It reported 14 employees.