Friendship Heights Neighbors Network Corporation

Analysis

Friendship Heights Neighbors Network Corporation is a registered charity in United States, based in Bethesda, MD. It received its IRS tax-exemption ruling in October 2016, 10 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friendship Heights Neighbors Network Corporation reported income of $94k and spending of $76k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $77k to $94k (+23%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 81% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Friendship Heights Neighbors Network Corporation 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 35th percentile, and in the 37th percentile within MD. Charities of a similar size with the same main cause include Poorbainc ($94k), West Central Ohio Manufacturing Partnership ($94k) and Adrian M Brooks Sr Foundation Inc ($94k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 46% of the total. At year end it held assets of $197k against liabilities of $0, net assets of $197k.