Friendship Adventures

Analysis

Friendship Adventures is a registered charity in United States, based in Kirkland, WA. It received its IRS tax-exemption ruling in July 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Friendship Adventures reported income of $359k and spending of $355k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $1.8m to $359k (-81%), an average of -80% a year. The sharpest change came in the year to December 2023, when income dropped by 81%. Over the whole period it spent 26% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friendship Adventures sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within WA. Charities of a similar size with the same main cause include Phenomenal She ($359k), Education for Liberation Network ($359k) and Cumberland Mountain Outreach Ministries ($359k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $24k (6.9% of expenses). Other salaries and wages came to $182k. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m. It reported 6 employees.