Friendly Connections Inc

Analysis

Friendly Connections Inc is a registered charity in United States, based in Holmdel, NJ. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 2023, Friendly Connections Inc reported income of $1.1m and spending of $1.1m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $388k to $1.1m (+174%), an average of +29% a year. The sharpest change came in the year to December 2022, when income rose by 97%. Over the whole period it spent 84% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Friendly Connections Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 83rd percentile within NJ. Charities of a similar size with the same main cause include Life Alaska Donor Services ($1.1m), Square Peg Foundation ($1.1m) and Region VII Complete Community Care ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $84k (7.5% of expenses). At year end it held assets of $583k against liabilities of $12k, net assets of $571k. It reported 63 employees.