Friendship Public Charter School

Analysis

Friendship Public Charter School is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in January 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Friendship Public Charter School reported income of $146.9m and spending of $140.2m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $93.4m to $146.9m (+57%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 22%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friendship Public Charter School sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within DC. Charities of a similar size with the same main cause include Saint Leo University Inc ($146.6m), Baldwin Wallace University ($147.0m) and Punahou School ($146.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $1.3m (1.0% of expenses). Other salaries and wages came to $70.5m. At year end it held assets of $241.4m against liabilities of $184.0m, net assets of $57.5m. It reported 1,300 employees.