Friends Forever Foundation NFP

Analysis

Friends Forever Foundation NFP is a registered charity in United States, based in Flossmoor, IL. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2022, Friends Forever Foundation NFP reported income of $56k and spending of $127k, spending 225% of what it took in. Across the 3 years on record, from December 2020 to December 2022, income fell from $212k to $56k (-73%), an average of -48% a year. The sharpest change came in the year to December 2022, when income rose by 243%. Over the whole period it spent 122% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends Forever Foundation NFP sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within IL. Charities of a similar size with the same main cause include North Carolina Aviation Museum & Hall of Fame Incorporated ($56k), New Jersey Orators ($56k) and Whit Press ($56k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $33k. At year end it held assets of $8,708 against liabilities of $105, net assets of $8,603.