Friends of Alcoholics Inc

Analysis

Friends of Alcoholics Inc is a registered charity in United States, based in Flora, MS. It received its IRS tax-exemption ruling in July 1959, 67 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Friends of Alcoholics Inc reported income of $318k and spending of $383k, spending 121% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income fell from $350k to $318k (-9.1%), an average of -2.4% a year. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Friends of Alcoholics Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 64th percentile within MS. Charities of a similar size with the same main cause include Limbe House Inc ($318k), Tobacco Free Portfolios Foundation ($318k) and Breath of Life Maternity Ministries ($318k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $31k (8.1% of expenses). Other salaries and wages came to $70k. At year end it held assets of $640k against liabilities of $0, net assets of $640k. It reported 11 employees.