Anas Friends Inc

Analysis

Anas Friends Inc is a registered charity in United States, based in Fort Myers, FL. It received its IRS tax-exemption ruling in March 1984, 42 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 2023, Anas Friends Inc reported income of $884k and spending of $851k, spending 96% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $657k to $884k (+34%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 26%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Anas Friends Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within FL. Charities of a similar size with the same main cause include Piedmont Opera Inc ($884k), Boy Scouts of America ($884k) and Willits Seniors Inc ($884k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $94k (11% of expenses). Other salaries and wages came to $356k. At year end it held assets of $857k against liabilities of $117k, net assets of $740k. It reported 15 employees.