Faithful Friends
Faithful Friends experiences asset decline and operational deficit in latest filing, maintaining 0% officer compensation.
EIN: 205602907 · Portland, OR · NTEE: O50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $366K |
| Total Expenses | $366K |
| Program Spending | 80% |
| Net Assets | $286K |
| Transparency Score | 70/100 |
Is Faithful Friends Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Faithful Friends directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Faithful Friends
Faithful Friends (EIN: 205602907) is a nonprofit organization based in Portland, OR, classified under NTEE code O50. The organization reported total revenue of $366K and total assets of $52K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Faithful Friends's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Faithful Friends is a small nonprofit that has been operating for 19 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 38.1%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $298K |
| Total Expenses | $366K |
| Surplus / Deficit | $-67,536 |
| Total Assets | $287K |
| Total Liabilities | $786 |
| Net Assets | $286K |
| Operating Margin | -22.7% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 9.4 months |
Financial Health Grade: B
In 2022, Faithful Friends reported a deficit of $68K with expenses exceeding revenue, holds 9.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2022), Faithful Friends's revenue has grown at a compound annual growth rate (CAGR) of 38.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -9.5% | +13.8% | -26.2% |
| 2021 | +0.1% | +9.0% | +3.2% |
| 2020 | -12.3% | +19.6% | +24.5% |
| 2019 | +81.6% | +41.3% | +75.2% |
| 2018 | -65.7% | -75.3% | +29.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Faithful Friends with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Faithful Friends allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $68K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
Faithful Friends consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly unusual for an organization of its size and suggests a volunteer-led or very lean operational structure.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Faithful Friends's IRS 990 filings:
- Significant operational deficit in the latest filing ($67,536 in 202208)
- Substantial decline in assets in the most recent period (from $388,865 to $287,137)
- Highly inconsistent revenue and expense figures year-over-year, indicating potential instability
- Increase in liabilities from $2,347 in 2021 to $786 in 2022, though still relatively low
Strengths
The following positive indicators were identified for Faithful Friends:
- Consistent reporting of 0% officer compensation, indicating dedication of funds to mission
- Long history of IRS 990 filings (12 filings), demonstrating transparency
- Generally maintained positive net assets over the long term, despite fluctuations
- NTEE code O50 suggests a focus on animal-related services, a clear program area
Frequently Asked Questions about Faithful Friends
Is Faithful Friends a legitimate charity?
Faithful Friends (EIN: 205602907) is a registered tax-exempt nonprofit based in Oregon. Our AI analysis gives it a Mission Score of 70/100. It has 12 years of IRS 990 filings on record. Total revenue: $366K. 4 red flags identified. 4 strengths noted. Financial health grade: B.
How does Faithful Friends spend its money?
Faithful Friends directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Faithful Friends tax-deductible?
Faithful Friends is registered as a tax-exempt nonprofit (EIN: 205602907). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Faithful Friends's spending goes to programs?
Faithful Friends directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Faithful Friends compare to similar nonprofits?
With a transparency score of 70/100 (Good), Faithful Friends is above average for NTEE category O50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Faithful Friends located?
Faithful Friends is headquartered in Portland, Oregon and files with the IRS under EIN 205602907. It is classified under NTEE code O50.
How many years of IRS 990 filings does Faithful Friends have?
Faithful Friends has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $366K in total revenue.
Why did Faithful Friends' assets decrease significantly from $388,865 in 2021 to $287,137 in 2022?
The provided data shows a $101,728 decrease in assets in the latest filing period (202208), coinciding with expenses ($365,609) exceeding revenue ($298,073) by $67,536. This suggests the organization may have drawn down reserves or sold assets to cover operational costs.
How does Faithful Friends sustain operations with 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings implies that the organization's leadership may be entirely volunteer-based or compensated through other means not categorized as 'officer compensation' on the 990, or that the organization operates with extremely low overhead for its leadership.
What caused the large revenue fluctuation, such as $602,375 in 2017 compared to $84,514 in 2016?
The significant year-over-year revenue changes, like the jump from $84,514 in 2016 to $602,375 in 2017, suggest that Faithful Friends may rely on large, infrequent grants or donations, or that its programs have highly variable funding cycles.
Filing History
IRS 990 filing history for Faithful Friends showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Faithful Friends's revenue has grown by 3383.8%, moving from $9K to $298K. Total assets decreased by 55.8% over the same period, from $649K to $287K. Total functional expenses fell by 9.6%, from $404K to $366K. In its most recent filing year (2022), Faithful Friends reported a deficit of $68K, with expenses exceeding revenue. The organization holds $786 in liabilities against $287K in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $286K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $298K | $366K | $287K | $786 | — | View 990 |
| 2021 | $330K | $321K | $389K | $2K | — | View 990 |
| 2020 | $329K | $295K | $377K | $42K | — | View 990 |
| 2019 | $375K | $246K | $302K | $2K | — | View 990 |
| 2018 | $207K | $174K | $173K | $2K | — | View 990 |
| 2017 | $602K | $706K | $133K | $0 | — | View 990 |
| 2016 | $85K | $69K | $236K | $0 | — | View 990 |
| 2015 | $29K | $364K | $221K | $0 | — | View 990 |
| 2014 | $4K | $15K | $557K | $2K | — | View 990 |
| 2013 | $4K | $22K | $551K | $0 | — | View 990 |
| 2012 | $8K | $87K | $571K | $0 | — | View 990 |
| 2011 | $9K | $404K | $649K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $298K, expenses of $366K, and assets of $287K (revenue -9.5% year-over-year).
- 2021: Revenue of $330K, expenses of $321K, and assets of $389K (revenue +0.1% year-over-year).
- 2020: Revenue of $329K, expenses of $295K, and assets of $377K (revenue -12.3% year-over-year).
- 2019: Revenue of $375K, expenses of $246K, and assets of $302K (revenue +81.6% year-over-year).
- 2018: Revenue of $207K, expenses of $174K, and assets of $173K (revenue -65.7% year-over-year).
- 2017: Revenue of $602K, expenses of $706K, and assets of $133K (revenue +612.8% year-over-year).
- 2016: Revenue of $85K, expenses of $69K, and assets of $236K (revenue +187.1% year-over-year).
- 2015: Revenue of $29K, expenses of $364K, and assets of $221K (revenue +627.4% year-over-year).
- 2014: Revenue of $4K, expenses of $15K, and assets of $557K (revenue +5.0% year-over-year).
- 2013: Revenue of $4K, expenses of $22K, and assets of $551K (revenue -52.4% year-over-year).
- 2012: Revenue of $8K, expenses of $87K, and assets of $571K (revenue -5.4% year-over-year).
- 2011: Revenue of $9K, expenses of $404K, and assets of $649K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Faithful Friends:
Data Sources and Methodology
This transparency report for Faithful Friends is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.