Friends of Missions

Analysis

Friends of Missions is a registered charity in United States, based in Bean Station, TN. It received its IRS tax-exemption ruling in April 2022, 4 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 of Missions reported income of $144k and spending of $105k, leaving 27% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $123k to $144k (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends of Missions sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 47th percentile within TN. Charities of a similar size with the same main cause include Belmont Food Pantry ($144k), Together on the Journey ($144k) and Avon Park Church Service Center Inc ($144k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 76% of the total. At year end it held assets of $41k against liabilities of $0, net assets of $41k.