Friends Of@el Sistema Greece

Analysis

Friends Of@el Sistema Greece is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in December 2017, 9 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, Friends Of@el Sistema Greece reported income of $395k and spending of $398k, spending 101% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $314k to $395k (+26%), an average of +8.0% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends Of@el Sistema Greece sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 39th percentile within DC. Charities of a similar size with the same main cause include Jia Missions ($395k), Brandon Band Booster Club ($395k) and For His Kingdom Missions Inc ($395k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $440k against liabilities of $0, net assets of $440k.