The Friendship Circle of Washington

Analysis

The Friendship Circle of Washington is a registered charity in United States, based in Mercer Island, WA. It received its IRS tax-exemption ruling in July 2010, 16 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 Circle of Washington reported income of $2.3m and spending of $1.5m, leaving 36% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $975k to $2.3m (+135%), an average of +19% a year. The sharpest change came in the year to December 2022, when income rose by 177%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Friendship Circle of Washington sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within WA. Charities of a similar size with the same main cause include Capital Airshow Group ($2.3m), Chesterfield Montessori School Inc ($2.3m) and Hers ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $134k (9.1% of expenses). Other salaries and wages came to $314k. At year end it held assets of $3.3m against liabilities of $763k, net assets of $2.6m. It reported 2 employees.