The Friendship Association Inc

Analysis

The Friendship Association Inc is a registered charity in United States, based in Saint Augustine, FL. It received its IRS tax-exemption ruling in January 2001, 25 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, The Friendship Association Inc reported income of $136k and spending of $108k, leaving 21% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income grew from $46k to $136k (+192%), an average of +71% a year. The sharpest change came in the year to December 2023, when income rose by 204%. Over the whole period it spent 104% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, The Friendship Association Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 48th percentile within FL. Charities of a similar size with the same main cause include Anza Tena Dream Center ($136k), Lee Brenneisen Foundation Inc a Tennessee Not-For-Profit Corporati ($136k) and Little Loves Orphanage Inc ($136k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 8.3% and program service revenue 92% of the total. At year end it held assets of $49k against liabilities of $0, net assets of $49k.