Friends For Life Foundation Inc
EIN: 550882734 · Roswell, GA · NTEE: B82
| Metric | Value |
|---|---|
| Total Revenue | $227K |
| Total Expenses | $166K |
| Net Assets | $258K |
Is Friends For Life Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Friends For Life Foundation Inc
Friends For Life Foundation Inc (EIN: 550882734) is a nonprofit organization based in Roswell, GA, classified under NTEE code B82. The organization reported total revenue of $227K and total assets of $265K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends For Life Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends For Life Foundation Inc is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 25.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $398K |
| Total Expenses | $166K |
| Surplus / Deficit | +$232K |
| Total Assets | $258K |
| Net Assets | $258K |
| Operating Margin | 58.3% |
| Months of Reserves | 18.6 months |
Financial Health Grade: A
In 2023, Friends For Life Foundation Inc reported a surplus of $232K with revenue exceeding expenses, holds 18.6 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Friends For Life Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 25.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.8% | -33.2% | +28.4% |
| 2022 | +202.5% | +293.2% | +5.7% |
| 2021 | +20.7% | +10.1% | +48.1% |
| 2020 | +24.7% | -25.4% | +15.9% |
| 2019 | -2.3% | -50.5% | +4.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Friends For Life Foundation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Friends For Life Foundation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $232K, with revenue exceeding expenses.
Frequently Asked Questions about Friends For Life Foundation Inc
Is Friends For Life Foundation Inc a legitimate charity?
Friends For Life Foundation Inc (EIN: 550882734) is a registered tax-exempt nonprofit based in Georgia. It has 13 years of IRS 990 filings on record. Total revenue: $227K. No red flags identified. Financial health grade: A.
How does Friends For Life Foundation Inc spend its money?
Friends For Life Foundation Inc reported $227K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Friends For Life Foundation Inc tax-deductible?
Friends For Life Foundation Inc is registered as a tax-exempt nonprofit (EIN: 550882734). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Friends For Life Foundation Inc located?
Friends For Life Foundation Inc is headquartered in Roswell, Georgia and files with the IRS under EIN 550882734. It is classified under NTEE code B82.
How many years of IRS 990 filings does Friends For Life Foundation Inc have?
Friends For Life Foundation 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 $227K in total revenue.
Filing History
IRS 990 filing history for Friends For Life Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Friends For Life Foundation Inc's revenue has grown by 1409.3%, moving from $26K to $398K. Total assets increased by 1305.2% over the same period, from $18K to $258K. Total functional expenses rose by 259.3%, from $46K to $166K. In its most recent filing year (2023), Friends For Life Foundation Inc reported a surplus of $232K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $398K | $166K | $258K | $0 | — | View 990 |
| 2022 | $383K | $248K | $201K | $0 | — | View 990 |
| 2021 | $127K | $63K | $190K | $0 | — | View 990 |
| 2020 | $105K | $57K | $128K | $0 | — | — |
| 2019 | $84K | $77K | $111K | $0 | — | View 990 |
| 2018 | $86K | $155K | $106K | $0 | — | View 990 |
| 2017 | $122K | $80K | $165K | $0 | — | View 990 |
| 2016 | $98K | $96K | $122K | $0 | — | View 990 |
| 2015 | $111K | $92K | $101K | $0 | — | View 990 |
| 2014 | $123K | $91K | $82K | $0 | — | View 990 |
| 2013 | $51K | $52K | $50K | $0 | — | View 990 |
| 2012 | $109K | $78K | $50K | $0 | — | View 990 |
| 2011 | $26K | $46K | $18K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $398K, expenses of $166K, and assets of $258K (revenue +3.8% year-over-year).
- 2022: Revenue of $383K, expenses of $248K, and assets of $201K (revenue +202.5% year-over-year).
- 2021: Revenue of $127K, expenses of $63K, and assets of $190K (revenue +20.7% year-over-year).
- 2020: Revenue of $105K, expenses of $57K, and assets of $128K (revenue +24.7% year-over-year).
- 2019: Revenue of $84K, expenses of $77K, and assets of $111K (revenue -2.3% year-over-year).
- 2018: Revenue of $86K, expenses of $155K, and assets of $106K (revenue -29.2% year-over-year).
- 2017: Revenue of $122K, expenses of $80K, and assets of $165K (revenue +24.0% year-over-year).
- 2016: Revenue of $98K, expenses of $96K, and assets of $122K (revenue -11.7% year-over-year).
- 2015: Revenue of $111K, expenses of $92K, and assets of $101K (revenue -9.7% year-over-year).
- 2014: Revenue of $123K, expenses of $91K, and assets of $82K (revenue +140.2% year-over-year).
- 2013: Revenue of $51K, expenses of $52K, and assets of $50K (revenue -53.0% year-over-year).
- 2012: Revenue of $109K, expenses of $78K, and assets of $50K (revenue +314.2% year-over-year).
- 2011: Revenue of $26K, expenses of $46K, and assets of $18K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends For Life Foundation Inc:
Data Sources and Methodology
This transparency report for Friends For Life Foundation 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.