Friendship International Ministries Incorporated

Analysis

Friendship International Ministries Incorporated is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in July 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 International Ministries Incorporated reported income of $81k and spending of $83k, spending 103% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $69k to $81k (+18%), an average of +5.6% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friendship International Ministries Incorporated sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 28th percentile within CO. Charities of a similar size with the same main cause include From the Pulpit ($81k), Family Haven Foundation Corporation ($81k) and Sophia Foundation ($81k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $14k (16% of expenses). Other salaries and wages came to $7,900. At year end it held assets of $60k against liabilities of $0, net assets of $60k. It reported 1 employees.