Is Friendship Fund Inc Tr Legit?

Red Flags

Inconsistent revenue generation, with significant year-over-year fluctuations (e.g., $572,101 in 2020 vs. $108,180 in 2023).
Expenses frequently exceeding revenue, as seen in 2023 ($187,365 expenses vs. $108,180 revenue) and 2019 ($344,659 expenses vs. $100,453 revenue), potentially indicating reliance on asset drawdowns.
Lack of specific NTEE code and detailed expense breakdown in the summary data limits full understanding of programmatic focus and operational efficiency.
Significant liabilities reported in 2023 ($2,737) compared to previous years where liabilities were minimal or zero, warranting further scrutiny.

Strengths

Maintains a substantial and stable asset base, consistently above $3.7 million, providing financial resilience.
Consistent filing of IRS 990 forms, indicating good compliance and transparency in reporting.
No reported officer compensation across all filings, suggesting a potentially volunteer-led or very lean executive structure.
Demonstrated ability to generate significant revenue in certain years, such as $572,101 in 2020.

Spending Breakdown

How Friendship Fund Inc Tr allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Friendship Fund Inc Tr

Is Friendship Fund Inc Tr a legitimate charity?

Based on AI analysis of IRS 990 filings, Friendship Fund Inc Tr (EIN: 136045127) appears trustworthy. Mission Score: 70/100. 4 red flags identified, 4 strengths noted.

Is Friendship Fund Inc Tr a good charity to donate to?

Friendship Fund Inc Tr has a Mission Score of 70/100. Revenue: $1.5M. Assets: $4.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Friendship Fund Inc Tr?

The Employer Identification Number (EIN) for Friendship Fund Inc Tr is 136045127. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Friendship Fund Inc Tr spend its money?

Friendship Fund Inc Tr allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Friendship Fund Inc Tr's tax-exempt status?

You can verify Friendship Fund Inc Tr's tax-exempt status using EIN 136045127 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Friendship Fund Inc Tr appears to be a grant-making organization, as indicated by its consistent asset base and fluctuating revenue and expenses. The organization's financial health shows variability, with expenses exceeding revenue in several periods, notably in 2023 ($187,365 expenses vs. $108,180 revenue) and 2019 ($344,659 expenses vs. $100,453 revenue). However, it also had periods of significant surplus, such as 2022 ($218,412 revenue vs. $25,261 expenses) and 2020 ($572,101 revenue vs. $179,411 expenses). The organization maintains a substantial asset base, consistently above $3.7 million, which suggests a strong endowment or investment strategy supporting its activities despite operational deficits in some years.

Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the absence of reported officer compensation across all filings suggests a lean operational structure at the executive level, which can be a positive indicator for efficiency. The organization's transparency is good in terms of filing its IRS 990s consistently, but the lack of specific NTEE code or detailed expense categories limits a deeper understanding of its programmatic focus and operational efficiency. The significant fluctuations in revenue and expenses year-over-year warrant closer examination to understand the underlying causes and the stability of its funding model.

Verdict: Friendship Fund Inc Tr appears trustworthy