Friendship Circle Association Inc

Analysis

Friendship Circle Association Inc is a registered charity in United States, based in Laurel, MD. It received its IRS tax-exemption ruling in May 2024, 2 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Friendship Circle Association Inc reported income of $113k and spending of $93k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $1,150 to $113k (+9766%), an average of +9766% a year. The sharpest change came in the year to December 2023, when income rose by 9766%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Friendship Circle Association Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 41st percentile within MD. Charities of a similar size with the same main cause include Columbus Compact Corporation ($113k), Falcon Flying Club LLC ($114k) and Society for Marketing Professional Services Foundation ($113k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 56% of the total. At year end it held assets of $27k against liabilities of $0, net assets of $27k.