Friendship Circle Las Vegas

Analysis

Friendship Circle Las Vegas is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in March 2019, 7 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, Friendship Circle Las Vegas reported income of $259k and spending of $156k, leaving 40% of income unspent that year. Across the 4 years on record, from December 2021 to December 2023, income fell from $305k to $259k (-15%), an average of -5.3% a year. The sharpest change came in the year to December 2023, when income dropped by 55%. Over the whole period it spent 55% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friendship Circle Las Vegas sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 63rd percentile within NV. Charities of a similar size with the same main cause include Nevada Kids Foundation Inc ($259k), The Montague County Carpenters Shop Inc ($259k) and Sacred Heart Catholic Mission Incorporated ($259k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $45k (29% of expenses). Other salaries and wages came to $40k. At year end it held assets of $782k against liabilities of $0, net assets of $782k. It reported 6 employees.