Friends of L I F E Inc

Analysis

Friends of L I F E Inc is a registered charity in United States, based in Toms River, NJ. It received its IRS tax-exemption ruling in October 2015, 11 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, Friends of L I F E Inc reported income of $294k and spending of $227k, leaving 23% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $211k to $294k (+40%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 374%. Over the whole period it spent 85% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Friends of L I F E Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 68th percentile within NJ. Charities of a similar size with the same main cause include Hope Haitian Ministries ($294k), Comite En Union Para Salvadorenos Inc ($294k) and Action for Post-Soviet Jewry Inc ($294k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $319k against liabilities of $0, net assets of $319k.