Friends of India

Analysis

Friends of India is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in July 1989, 37 years ago. 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, Friends of India reported income of $159k and spending of $126k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $50k to $159k (+219%), an average of +219% a year. The sharpest change came in the year to December 2023, when income rose by 219%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of India sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 53rd percentile within NV. Charities of a similar size with the same main cause include Rockies Venture Institute ($159k), North Fork Parish Outreach Inc ($159k) and Mustang Youth Soccer Association Inc ($159k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 54% of the total. At year end it held assets of $54k against liabilities of $0, net assets of $54k.