Friendz Inc

Analysis

Friendz Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 2020, 6 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Friendz Inc reported income of $175k and spending of $113k, leaving 35% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $80k to $175k (+119%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 132%. Over the whole period it spent 76% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Friendz Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 53rd percentile within CA. Charities of a similar size with the same main cause include South Shore Village Leased Housing Corporation ($175k), Gibb Bainbridge Village Inc ($175k) and Kea Au Housing Foundation Inc ($175k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $10k against liabilities of $10k, net assets of $0.