The Friendship Initiative Inc

Analysis

The Friendship Initiative Inc is a registered charity in United States, based in Coconut Creek, FL. It received its IRS tax-exemption ruling in November 2013, 13 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 December 2023, The Friendship Initiative Inc reported income of $79k and spending of $105k, spending 134% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $117k to $79k (-33%), an average of -32% a year. The sharpest change came in the year to December 2023, when income dropped by 33%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Friendship Initiative Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 34th percentile within FL. Charities of a similar size with the same main cause include Kansas Braille Transcription Inst ($79k), Milton-Union Music Boosters Inc ($79k) and Portland Quarterback Booster Club ($79k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 111% of the total. At year end it held assets of $83k against liabilities of $260, net assets of $83k.