Friendship of Women

Analysis

Friendship of Women is a registered charity in United States, based in Brownsville, TX. It received its IRS tax-exemption ruling in March 1982, 44 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 December 2023, Friendship of Women reported income of $2.2m and spending of $2.2m, spending 102% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $2.2m to $2.2m (-2.3%), an average of -0.5% a year. The sharpest change came in the year to December 2021, when income rose by 15%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friendship of Women sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Centennial Village Corporation ($2.2m), A Place to Turn Inc ($2.2m) and Trinity Cooperative Day Nursery ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.1% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $944k against liabilities of $147k, net assets of $797k. It reported 36 employees.