Project Friendship

Analysis

Project Friendship is a registered charity in United States, based in Mission, TX. It received its IRS tax-exemption ruling in September 1995, 31 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Project Friendship reported income of $52k and spending of $90k, spending 173% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $48k to $52k (+8.3%), an average of +8.3% a year. Over the whole period it spent 156% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Project Friendship sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 21st percentile within TX. Charities of a similar size with the same main cause include Clarke Cares Foundation ($52k), Openintro Inc ($52k) and Agora Cuba Inc ($52k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $99k against liabilities of $0, net assets of $99k.