Friendship Foundation Inc

Analysis

Friendship Foundation Inc is a registered charity in United States, based in Glendale, AZ. It received its IRS tax-exemption ruling in October 1988, 38 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friendship Foundation Inc reported income of $813k and spending of $392k, leaving 52% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $529k to $813k (+54%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 203%. Over the whole period it spent 52% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friendship Foundation Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 74th percentile within AZ. Charities of a similar size with the same main cause include MMM Heritage Bell Oaks Housing Corp ($813k), Illinois Stewardship Alliance ($813k) and Ches Foundation Inc ($813k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. Other salaries and wages came to $83k. At year end it held assets of $6.3m against liabilities of $50k, net assets of $6.3m.