Friends For Life Inc
Friends For Life Inc shows consistent asset growth and strong program spending with zero liabilities.
EIN: 201495947 · Yates Center, KS · NTEE: G30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $141K |
| Total Expenses | $79K |
| Program Spending | 85% |
| Net Assets | $384K |
| Transparency Score | 92/100 |
Is Friends For Life Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends For Life Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends For Life Inc
Friends For Life Inc (EIN: 201495947) is a nonprofit organization based in Yates Center, KS, classified under NTEE code G30. The organization reported total revenue of $141K and total assets of $429K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends For Life Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends For Life Inc is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $119K |
| Total Expenses | $79K |
| Surplus / Deficit | +$40K |
| Total Assets | $384K |
| Net Assets | $384K |
| Operating Margin | 33.8% |
| Months of Reserves | 58.3 months |
Financial Health Grade: A
In 2023, Friends For Life Inc reported a surplus of $40K with revenue exceeding expenses, holds 58.3 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Friends For Life Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.6% | +48.2% | +11.8% |
| 2022 | +6.7% | -25.5% | +18.1% |
| 2021 | +58.5% | +11.3% | +10.6% |
| 2020 | -31.7% | -2.1% | -0.6% |
| 2019 | +5.5% | -19.9% | +10.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Friends For Life Inc with a Mission Score of 92 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: 85%
- fundraising: 5%
According to IRS 990 filings, Friends For Life Inc 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 surplus of $40K, with revenue exceeding expenses.
Executive Compensation Analysis
Friends For Life Inc reports 0% officer compensation across all available filings, indicating that no executive salaries are paid, which is highly commendable for an organization of its size and allows more funds to be directed to programs.
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.
Strengths
The following positive indicators were identified for Friends For Life Inc:
- Strong program spending ratio (85% in 2023)
- Zero liabilities reported across all filings
- Consistent asset growth over the past decade (from $206,400 in 2014 to $384,159 in 2023)
- No officer compensation reported, indicating efficient use of funds
- Positive revenue trend and financial stability
Frequently Asked Questions about Friends For Life Inc
Is Friends For Life Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends For Life Inc (EIN: 201495947) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Friends For Life Inc spend its money?
Friends For Life Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friends For Life Inc tax-deductible?
Friends For Life Inc is registered as a tax-exempt nonprofit (EIN: 201495947). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Friends For Life Inc's spending goes to programs?
Friends For Life Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Friends For Life Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Friends For Life Inc is above average for NTEE category G30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Friends For Life Inc located?
Friends For Life Inc is headquartered in Yates Center, Kansas and files with the IRS under EIN 201495947. It is classified under NTEE code G30.
How many years of IRS 990 filings does Friends For Life Inc have?
Friends For Life 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 $141K in total revenue.
Is Friends For Life Inc a good charity?
Based on the financial data, Friends For Life Inc appears to be a very good charity. They consistently dedicate a high percentage of their expenses to program services (85% in 2023), have zero liabilities, and have shown consistent asset growth, all while reporting no executive compensation.
How has Friends For Life Inc's financial health changed over time?
Friends For Life Inc has shown consistent financial improvement over time. Their assets have grown from $206,400 in 2014 to $384,159 in 2023, and revenue has steadily increased from $71,753 to $119,430 in the same period, indicating healthy growth and stability.
What is Friends For Life Inc's spending efficiency?
Friends For Life Inc demonstrates high spending efficiency. In 2023, 85% of their total expenses ($79,087) were allocated to program services, with only 10% for administrative costs and 5% for fundraising, indicating a strong focus on their mission.
Filing History
IRS 990 filing history for Friends For Life Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Friends For Life Inc's revenue has grown by 116.9%, moving from $55K to $119K. Total assets increased by 239.8% over the same period, from $113K to $384K. Total functional expenses rose by 201.3%, from $26K to $79K. In its most recent filing year (2023), Friends For Life Inc reported a surplus of $40K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $119K | $79K | $384K | $0 | — | View 990 |
| 2022 | $106K | $53K | $344K | $0 | — | View 990 |
| 2021 | $99K | $72K | $291K | $0 | — | View 990 |
| 2020 | $63K | $64K | $263K | $0 | — | View 990 |
| 2019 | $92K | $66K | $265K | $0 | — | View 990 |
| 2018 | $87K | $82K | $239K | $0 | — | View 990 |
| 2017 | $72K | $58K | $234K | $0 | — | View 990 |
| 2016 | $65K | $69K | $220K | $0 | — | View 990 |
| 2015 | $80K | $63K | $224K | $0 | — | View 990 |
| 2014 | $72K | $58K | $206K | $0 | — | View 990 |
| 2013 | $90K | $39K | $192K | $0 | — | View 990 |
| 2012 | $73K | $46K | $141K | $0 | — | View 990 |
| 2011 | $55K | $26K | $113K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $119K, expenses of $79K, and assets of $384K (revenue +12.6% year-over-year).
- 2022: Revenue of $106K, expenses of $53K, and assets of $344K (revenue +6.7% year-over-year).
- 2021: Revenue of $99K, expenses of $72K, and assets of $291K (revenue +58.5% year-over-year).
- 2020: Revenue of $63K, expenses of $64K, and assets of $263K (revenue -31.7% year-over-year).
- 2019: Revenue of $92K, expenses of $66K, and assets of $265K (revenue +5.5% year-over-year).
- 2018: Revenue of $87K, expenses of $82K, and assets of $239K (revenue +21.1% year-over-year).
- 2017: Revenue of $72K, expenses of $58K, and assets of $234K (revenue +11.2% year-over-year).
- 2016: Revenue of $65K, expenses of $69K, and assets of $220K (revenue -19.5% year-over-year).
- 2015: Revenue of $80K, expenses of $63K, and assets of $224K (revenue +11.9% year-over-year).
- 2014: Revenue of $72K, expenses of $58K, and assets of $206K (revenue -20.5% year-over-year).
- 2013: Revenue of $90K, expenses of $39K, and assets of $192K (revenue +23.1% year-over-year).
- 2012: Revenue of $73K, expenses of $46K, and assets of $141K (revenue +33.2% year-over-year).
- 2011: Revenue of $55K, expenses of $26K, and assets of $113K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends For Life Inc:
Data Sources and Methodology
This transparency report for Friends For Life 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.