Friends of the Poor

Analysis

Friends of the Poor is a registered charity in United States, based in LA Jolla, CA. It received its IRS tax-exemption ruling in July 1983, 43 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 June 2023, Friends of the Poor reported income of $375k and spending of $370k, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $621k to $375k (-40%), an average of -12% a year. The sharpest change came in the year to June 2020, when income dropped by 37%. Over the whole period it spent 97% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Friends of the Poor sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include Outstretched Hands of Romania Inc ($374k), International Collaborative for Science Education and the ($375k) and Georgie Badiel Foundation Inc ($374k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $295k against liabilities of $0, net assets of $295k.