Funds for Friends

Analysis

Funds for Friends is a registered charity in United States, based in Amarillo, TX. It received its IRS tax-exemption ruling in January 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Funds for Friends reported income of $147k and spending of $140k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $119k to $147k (+24%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 111% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Funds for Friends sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 50th percentile within TX. Charities of a similar size with the same main cause include Teule ($147k), Uparc Apartments Inc ($147k) and Peer Recovery Connection Inc ($147k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% of the total. At year end it held assets of $114k against liabilities of $0, net assets of $114k. It reported 24 employees.