Friend Of The Poor Inc
Friend Of The Poor Inc shows consistent revenue and asset growth with no executive compensation.
EIN: 205433026 · Norcross, GA · NTEE: Q33 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $408K |
| Total Expenses | $364K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $842,430. |
| Net Assets | $705K |
| Transparency Score | 85/100 |
Is Friend Of The Poor Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friend Of The Poor Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friend Of The Poor Inc
Friend Of The Poor Inc (EIN: 205433026) is a nonprofit organization based in Norcross, GA, classified under NTEE code Q33. The organization reported total revenue of $408K and total assets of $842K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friend Of The Poor Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friend Of The Poor Inc 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 4.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $575K |
| Total Expenses | $364K |
| Surplus / Deficit | +$211K |
| Total Assets | $706K |
| Total Liabilities | $490 |
| Net Assets | $705K |
| Operating Margin | 36.7% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 23.3 months |
Financial Health Grade: A
In 2023, Friend Of The Poor Inc reported a surplus of $211K with revenue exceeding expenses, holds 23.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Friend Of The Poor Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +79.4% | +29.3% | +42.4% |
| 2022 | -46.9% | -44.0% | +8.6% |
| 2021 | +78.5% | +120.0% | +28.1% |
| 2020 | +72.0% | -5.0% | +44.3% |
| 2019 | -18.9% | +15.6% | -15.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 Friend Of The Poor Inc with a Mission Score of 85 out of 100 (Excellent). 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: 80%
- fundraising: 10%
According to IRS 990 filings, Friend Of The Poor Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 surplus of $211K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly commendable for an organization of its size with assets of $842,430.
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 Friend Of The Poor Inc's IRS 990 filings:
- Lack of detailed expense breakdown in provided summary data
Strengths
The following positive indicators were identified for Friend Of The Poor Inc:
- Consistent revenue generation and growth
- Significant growth in assets over recent years (from $495,715 in 2022 to $705,761 in 2023)
- 0% officer compensation reported across all filings
- Positive net income in most recent periods (e.g., $574,511 revenue vs. $363,875 expenses in 2023)
Frequently Asked Questions about Friend Of The Poor Inc
Is Friend Of The Poor Inc a legitimate charity?
Friend Of The Poor Inc (EIN: 205433026) is a registered tax-exempt nonprofit based in Georgia. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $408K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Friend Of The Poor Inc spend its money?
Friend Of The Poor Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Friend Of The Poor Inc tax-deductible?
Friend Of The Poor Inc is registered as a tax-exempt nonprofit (EIN: 205433026). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Friend Of The Poor Inc CEO make?
Friend Of The Poor Inc's highest-compensated officer earns $842,430. annually. The organization reported $408K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Friend Of The Poor Inc's spending goes to programs?
Friend Of The Poor Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Friend Of The Poor Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Friend Of The Poor Inc is above average for NTEE category Q33 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Friend Of The Poor Inc located?
Friend Of The Poor Inc is headquartered in Norcross, Georgia and files with the IRS under EIN 205433026. It is classified under NTEE code Q33.
How many years of IRS 990 filings does Friend Of The Poor Inc have?
Friend Of The Poor Inc 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 $408K in total revenue.
Is Friend Of The Poor Inc financially stable?
Yes, Friend Of The Poor Inc appears financially stable. Their assets have grown from $495,715 in 2022 to $705,761 in 2023, and they consistently generate more revenue than expenses, as seen in 2023 with $574,511 in revenue against $363,875 in expenses.
How does Friend Of The Poor Inc manage executive compensation?
Friend Of The Poor Inc reports 0% officer compensation in all available filings, indicating that no salaries are paid to its executives, which is a strong positive for donor confidence.
Has the organization experienced significant financial fluctuations?
While there was a period in 2016 where expenses ($1,017,698) significantly exceeded revenue ($507,569), the organization has since demonstrated consistent financial recovery and growth, with positive net income in most recent years.
Filing History
IRS 990 filing history for Friend Of The Poor Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Friend Of The Poor Inc's revenue has grown by 73.6%, moving from $331K to $575K. Total assets increased by 1610.5% over the same period, from $41K to $706K. Total functional expenses rose by 19.5%, from $304K to $364K. In its most recent filing year (2023), Friend Of The Poor Inc reported a surplus of $211K, with revenue exceeding expenses. The organization holds $490 in liabilities against $706K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $705K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $575K | $364K | $706K | $490 | — | — |
| 2022 | $320K | $281K | $496K | $1K | — | — |
| 2021 | $603K | $503K | $456K | $586 | — | View 990 |
| 2020 | $338K | $228K | $356K | $528 | — | — |
| 2019 | $196K | $240K | $247K | $390 | — | View 990 |
| 2018 | $242K | $208K | $291K | $285 | — | View 990 |
| 2017 | $392K | $188K | $256K | $0 | — | View 990 |
| 2016 | $508K | $1.0M | $53K | $53K | — | View 990 |
| 2015 | $368K | $368K | $131K | $0 | — | View 990 |
| 2014 | $471K | $320K | $206K | $206K | — | View 990 |
| 2013 | $0 | $187K | $54K | $54K | — | View 990 |
| 2012 | $0 | $383K | $34K | $34K | — | View 990 |
| 2011 | $331K | $304K | $41K | $41K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $575K, expenses of $364K, and assets of $706K (revenue +79.4% year-over-year).
- 2022: Revenue of $320K, expenses of $281K, and assets of $496K (revenue -46.9% year-over-year).
- 2021: Revenue of $603K, expenses of $503K, and assets of $456K (revenue +78.5% year-over-year).
- 2020: Revenue of $338K, expenses of $228K, and assets of $356K (revenue +72.0% year-over-year).
- 2019: Revenue of $196K, expenses of $240K, and assets of $247K (revenue -18.9% year-over-year).
- 2018: Revenue of $242K, expenses of $208K, and assets of $291K (revenue -38.2% year-over-year).
- 2017: Revenue of $392K, expenses of $188K, and assets of $256K (revenue -22.8% year-over-year).
- 2016: Revenue of $508K, expenses of $1.0M, and assets of $53K (revenue +37.9% year-over-year).
- 2015: Revenue of $368K, expenses of $368K, and assets of $131K (revenue -21.9% year-over-year).
- 2014: Revenue of $471K, expenses of $320K, and assets of $206K.
- 2013: Revenue of $0, expenses of $187K, and assets of $54K.
- 2012: Revenue of $0, expenses of $383K, and assets of $34K (revenue -100.0% year-over-year).
- 2011: Revenue of $331K, expenses of $304K, and assets of $41K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friend Of The Poor Inc:
Data Sources and Methodology
This transparency report for Friend Of The Poor Inc 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.