Friends Community Social Club Inc

Analysis

Friends Community Social Club Inc is a registered charity in United States, based in Davenport, IA. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Community Social Club Inc reported income of $50k and spending of $40k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $129k to $50k (-61%), an average of -61% a year. The sharpest change came in the year to December 2023, when income dropped by 61%. Over the whole period it spent 32% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends Community Social Club Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 17th percentile within IA. Charities of a similar size with the same main cause include Assignments International Inc ($50k), Nebraska Association of Area Agencies on Aging Inc ($51k) and Scoop San Diego ($50k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $126k against liabilities of $2,356, net assets of $123k.