Friendship Educational Foundation

Analysis

Friendship Educational Foundation is a registered charity in United States, based in Redondo Beach, CA. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2023, Friendship Educational Foundation reported income of $11.3m and spending of $380k, leaving 97% of income unspent that year. Across the 3 years on record, from August 2021 to August 2023, income grew from $5.8m to $11.3m (+94%), an average of +39% a year. The sharpest change came in the year to August 2022, when income rose by 110%. Over the whole period it spent 2.1% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friendship Educational Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include American Cornerstone Institute Inc ($11.3m), Learning Through an Expanded Arts Program Inc ($11.3m) and Westchester Country Day School Inc ($11.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $47.8m against liabilities of $210k, net assets of $47.6m.