Friendship Circle of Va

Analysis

Friendship Circle of Va is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 August 2023, Friendship Circle of Va reported income of $176k and spending of $139k, leaving 21% of income unspent that year. Across the 6 years on record, from December 2017 to August 2023, income grew from $106k to $176k (+66%), an average of +11% a year. The sharpest change came in the year to December 2019, when income rose by 128%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Friendship Circle of Va sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 50th percentile within VA. Charities of a similar size with the same main cause include Kennedy Willis Center on Down Syndrome Inc ($176k), Arise Equine Therapy Foundation ($176k) and Jiselle Lauren Foundation ($176k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $31k (22% of expenses). Other salaries and wages came to $32k. At year end it held assets of $108k against liabilities of $765, net assets of $107k.