Friends of Ryan Inc

Analysis

Friends of Ryan Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in January 2021, 5 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 June 2023, Friends of Ryan Inc reported income of $351k and spending of $213k, leaving 39% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $238k to $351k (+48%), an average of +48% a year. The sharpest change came in the year to June 2023, when income rose by 48%. Over the whole period it spent 64% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Ryan Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within PA. Charities of a similar size with the same main cause include Engagenj a NJ Nonprofit Corporation ($351k), International Gay & Lesbian Travel Association Foundation Inc ($351k) and Alpha Kappa Psi Scholarship Fund ($351k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $236k against liabilities of $0, net assets of $236k.