Friends of Moldova

Analysis

Friends of Moldova is a registered charity in United States, based in Okemos, MI. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 Moldova reported income of $77k and spending of $95k, spending 125% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $1.1m to $77k (-93%), an average of -93% a year. The sharpest change came in the year to December 2023, when income dropped by 93%. Over the whole period it spent 94% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Friends of Moldova sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 29th percentile within MI. Charities of a similar size with the same main cause include Hummingbird Project ($77k), Harvard College Association Forus-China Relations ($77k) and West East Missions Handclasp ($77k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $78k against liabilities of $382, net assets of $78k.