Friends of Edtf Inc

Analysis

Friends of Edtf Inc is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in August 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, Friends of Edtf Inc reported income of $466k and spending of $192k, leaving 59% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.5m to $466k (-90%), an average of -43% a year. The sharpest change came in the year to December 2020, when income dropped by 59%. Over the whole period it spent 39% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends of Edtf Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 74th percentile within TX. Charities of a similar size with the same main cause include Anchorage Remade ($466k), Food 4 Farmers ($466k) and Cornerstone Family Ministries ($466k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% of the total. At year end it held assets of $6.1m against liabilities of $1, net assets of $6.1m.