Friday After 5 Incorporated
Friday After 5 Incorporated faces recent operational deficits despite consistent revenue generation.
EIN: 201743489 · Owensboro, KY · NTEE: A68 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $189K |
| Total Expenses | $190K |
| Program Spending | 85% |
| Net Assets | $32K |
| Transparency Score | 75/100 |
Is Friday After 5 Incorporated Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friday After 5 Incorporated directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friday After 5 Incorporated
Friday After 5 Incorporated (EIN: 201743489) is a nonprofit organization based in Owensboro, KY, classified under NTEE code A68. The organization reported total revenue of $189K and total assets of $734 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friday After 5 Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friday After 5 Incorporated is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $181K |
| Total Expenses | $190K |
| Surplus / Deficit | $-8,843 |
| Total Assets | $32K |
| Net Assets | $32K |
| Operating Margin | -4.9% |
| Months of Reserves | 2.0 months |
Financial Health Grade: C
In 2023, Friday After 5 Incorporated reported a deficit of $9K with expenses exceeding revenue, holds 2.0 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2011–2023), Friday After 5 Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 5.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -15.2% | -28.1% | -21.6% |
| 2022 | +34.0% | -11.1% | -55.2% |
| 2021 | +190.1% | +1147.3% | -60.1% |
| 2020 | -70.3% | -85.7% | +15.7% |
| 2019 | -6.5% | -11.3% | +10.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Friday After 5 Incorporated with a Mission Score of 75 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Friday After 5 Incorporated allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $9K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is likely volunteer-based, which is highly efficient for a nonprofit of this size.
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 Friday After 5 Incorporated's IRS 990 filings:
- Consistent operational deficits in the last three reported periods (2021-2023)
- Significant decline in assets from $228,989 in 2020 to $32,145 in 2023
Strengths
The following positive indicators were identified for Friday After 5 Incorporated:
- Zero officer compensation, indicating volunteer leadership and low administrative overhead
- Consistent history of IRS 990 filings, demonstrating transparency
- Zero liabilities reported across all periods, indicating no outstanding debt
- Strong program focus as implied by the nature of the organization and lack of executive compensation
Frequently Asked Questions about Friday After 5 Incorporated
Is Friday After 5 Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Friday After 5 Incorporated (EIN: 201743489) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Friday After 5 Incorporated spend its money?
Friday After 5 Incorporated directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friday After 5 Incorporated tax-deductible?
Friday After 5 Incorporated is registered as a tax-exempt nonprofit (EIN: 201743489). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Friday After 5 Incorporated's spending goes to programs?
Friday After 5 Incorporated directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Friday After 5 Incorporated compare to similar nonprofits?
With a transparency score of 75/100 (Good), Friday After 5 Incorporated is above average for NTEE category A68 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Friday After 5 Incorporated located?
Friday After 5 Incorporated is headquartered in Owensboro, Kentucky and files with the IRS under EIN 201743489. It is classified under NTEE code A68.
How many years of IRS 990 filings does Friday After 5 Incorporated have?
Friday After 5 Incorporated has 13 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 $189K in total revenue.
Is Friday After 5 Incorporated financially sustainable given recent deficits?
The organization has experienced deficits in the last three reported periods (2021-2023), with expenses exceeding revenue. For example, in 2023, expenses were $189,890 while revenue was $181,047. This trend has led to a decrease in assets from $228,989 in 2020 to $32,145 in 2023, raising concerns about long-term financial sustainability if not reversed.
How does the lack of officer compensation impact the organization?
The consistent reporting of 0% officer compensation suggests a volunteer-driven leadership structure. This significantly reduces administrative overhead, allowing a greater proportion of funds to be directed towards program activities, which is a positive for spending efficiency.
What caused the significant drop in assets from 2020 to 2023?
The decline in assets from $228,989 in 2020 to $32,145 in 2023 is primarily attributable to the organization consistently spending more than its revenue in the years 2021, 2022, and 2023. For instance, in 2021, expenses were $296,851 against revenue of $159,316, drawing down reserves.
Filing History
IRS 990 filing history for Friday After 5 Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Friday After 5 Incorporated's revenue has grown by 87.1%, moving from $97K to $181K. Total assets decreased by 50.8% over the same period, from $65K to $32K. Total functional expenses rose by 129.5%, from $83K to $190K. In its most recent filing year (2023), Friday After 5 Incorporated reported a deficit of $9K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $181K | $190K | $32K | $0 | — | — |
| 2022 | $213K | $264K | $41K | $0 | — | View 990 |
| 2021 | $159K | $297K | $91K | $0 | — | View 990 |
| 2020 | $55K | $24K | $229K | $0 | — | View 990 |
| 2019 | $185K | $167K | $198K | $0 | — | View 990 |
| 2018 | $198K | $188K | $180K | $0 | — | View 990 |
| 2017 | $160K | $140K | $170K | $0 | — | View 990 |
| 2016 | $170K | $144K | $150K | $0 | — | View 990 |
| 2015 | $138K | $116K | $123K | $0 | — | View 990 |
| 2014 | $128K | $115K | $101K | $0 | — | View 990 |
| 2013 | $118K | $107K | $89K | $0 | — | View 990 |
| 2012 | $96K | $84K | $78K | $0 | — | View 990 |
| 2011 | $97K | $83K | $65K | $64 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $181K, expenses of $190K, and assets of $32K (revenue -15.2% year-over-year).
- 2022: Revenue of $213K, expenses of $264K, and assets of $41K (revenue +34.0% year-over-year).
- 2021: Revenue of $159K, expenses of $297K, and assets of $91K (revenue +190.1% year-over-year).
- 2020: Revenue of $55K, expenses of $24K, and assets of $229K (revenue -70.3% year-over-year).
- 2019: Revenue of $185K, expenses of $167K, and assets of $198K (revenue -6.5% year-over-year).
- 2018: Revenue of $198K, expenses of $188K, and assets of $180K (revenue +23.5% year-over-year).
- 2017: Revenue of $160K, expenses of $140K, and assets of $170K (revenue -6.0% year-over-year).
- 2016: Revenue of $170K, expenses of $144K, and assets of $150K (revenue +23.1% year-over-year).
- 2015: Revenue of $138K, expenses of $116K, and assets of $123K (revenue +8.6% year-over-year).
- 2014: Revenue of $128K, expenses of $115K, and assets of $101K (revenue +8.3% year-over-year).
- 2013: Revenue of $118K, expenses of $107K, and assets of $89K (revenue +22.6% year-over-year).
- 2012: Revenue of $96K, expenses of $84K, and assets of $78K (revenue -0.7% year-over-year).
- 2011: Revenue of $97K, expenses of $83K, and assets of $65K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friday After 5 Incorporated:
Data Sources and Methodology
This transparency report for Friday After 5 Incorporated 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.