Friendship Aspire Arkansas Inc

Analysis

Friendship Aspire Arkansas Inc is a registered charity in United States, based in Pine Bluff, AR. It received its IRS tax-exemption ruling in October 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Friendship Aspire Arkansas Inc reported income of $16.2m and spending of $16.4m, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $4.3m to $16.2m (+277%), an average of +56% a year. The sharpest change came in the year to June 2022, when income rose by 109%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friendship Aspire Arkansas Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within AR. Charities of a similar size with the same main cause include Global Community Charter School ($16.2m), Medical College of Georgia Foundation Inc ($16.2m) and Rabbi Harry H Epstein School Inc ($16.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $3.0m. At year end it held assets of $1.9m against liabilities of $653k, net assets of $1.3m. It reported 214 employees.