Friendship Club

Analysis

Friendship Club is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in April 1987, 39 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 Club reported income of $105k and spending of $146k, spending 139% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $221k to $105k (-52%), an average of -17% a year. The sharpest change came in the year to December 2022, when income dropped by 38%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friendship Club sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 34th percentile within NM. Charities of a similar size with the same main cause include Boy Scouts of America ($105k), Saint Paul Rotary Foundation ($105k) and Blessing an Open Bible Church ($105k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Compensation of current officers, directors and key employees was $47k (32% of expenses). Other salaries and wages came to $26k. At year end it held assets of $856k against liabilities of $1,648, net assets of $855k. It reported 3 employees.