Friend to Friend

Analysis

Friend to Friend is a registered charity in United States, based in Carthage, NC. It received its IRS tax-exemption ruling in September 1988, 38 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 June 2024, Friend to Friend reported income of $1.2m and spending of $1.0m, spending 86% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $774k to $1.2m (+50%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 38%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friend to Friend sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within NC. Charities of a similar size with the same main cause include Watch Inc ($1.2m), Citizens for Modern Transit ($1.2m) and Agriculture and Forestry Education Foundation ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 80% of the total. Compensation of current officers, directors and key employees was $73k (7.3% of expenses). Other salaries and wages came to $460k. At year end it held assets of $1.7m against liabilities of $375k, net assets of $1.3m. It reported 28 employees.