Friendship Community Place

Analysis

Friendship Community Place is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 2021, 5 years ago. 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 Community Place reported income of $104k and spending of $100k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $76k to $104k (+37%), an average of +37% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friendship Community Place 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 38th percentile, and in the 39th percentile within IL. Charities of a similar size with the same main cause include Dublin Chamber Civic Foundation ($104k), Susquehanna Symphony Orchestra Inc ($104k) and Tremont Education Foundation ($104k).

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 $4,714 against liabilities of $0, net assets of $4,714.