Friday Nite Friends Foundation Inc

Analysis

Friday Nite Friends Foundation Inc is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in March 2001, 25 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, Friday Nite Friends Foundation Inc reported income of $106k and spending of $85k, spending 80% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $75k to $106k (+42%), an average of +42% a year. The sharpest change came in the year to December 2023, when income rose by 42%. Over the whole period it spent 121% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friday Nite Friends Foundation Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 41st percentile within TX. Charities of a similar size with the same main cause include Senior Citizens of Green Island Inc ($106k), Heartfelt Cardiac Connections ($106k) and Sunshine State Association of Christian Schools Inc ($106k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $350k against liabilities of $0, net assets of $350k.