Friends Forever
Friends Forever shows strong asset growth and no reported officer compensation, with fluctuating but generally positive revenue trends.
EIN: 20482213 · Durham, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $863K |
| Program Spending | 85% |
| Net Assets | $4.3M |
| Transparency Score | 90/100 |
Is Friends Forever Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Forever directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Forever
Friends Forever (EIN: 20482213) is a nonprofit organization based in Durham, NH. The organization reported total revenue of $1.8M and total assets of $5.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Forever's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Forever is a mid-size nonprofit that has been operating for 29 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 18.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $863K |
| Surplus / Deficit | +$1.2M |
| Total Assets | $5.0M |
| Total Liabilities | $710K |
| Net Assets | $4.3M |
| Operating Margin | 57.6% |
| Debt-to-Asset Ratio | 14.2% |
| Months of Reserves | 69.3 months |
Financial Health Grade: A
In 2023, Friends Forever reported a surplus of $1.2M with revenue exceeding expenses, holds 69.3 months of operating reserves (strong position), has a debt-to-asset ratio of 14.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Friends Forever's revenue has grown at a compound annual growth rate (CAGR) of 18.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +252.9% | +40.3% | +30.3% |
| 2022 | -54.5% | +3.0% | -1.4% |
| 2021 | -53.3% | +6.3% | +20.4% |
| 2020 | +239.4% | -59.2% | +200.5% |
| 2019 | -6.2% | +109.9% | -17.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1997 |
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 Forever with a Mission Score of 90 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 Forever 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 $1.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 14.2%.
Executive Compensation Analysis
Friends Forever 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 revenue, and suggests a volunteer-led or very lean leadership 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 Friends Forever's IRS 990 filings:
- Unknown NTEE code makes peer comparison difficult
- Significant revenue fluctuations year-to-year, indicating potential reliance on variable funding sources (e.g., $2,714,129 in 2020 vs. $577,085 in 2022)
Strengths
The following positive indicators were identified for Friends Forever:
- Strong asset growth, from $356,236 in 2014 to $4,983,750 in 2023
- Consistent reporting of 0% officer compensation, indicating high efficiency and dedication of resources to mission
- Expenses consistently well below revenue in most years, demonstrating financial prudence (e.g., 2023 revenue $2,036,268 vs. expenses $863,126)
- Positive net income in most years, contributing to robust reserves and financial stability
- Low liabilities relative to assets, with liabilities at $710,182 against assets of $4,983,750 in 2023
Frequently Asked Questions about Friends Forever
Is Friends Forever a legitimate charity?
Friends Forever (EIN: 20482213) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.8M. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Friends Forever spend its money?
Friends Forever directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Friends Forever tax-deductible?
Friends Forever is registered as a tax-exempt nonprofit (EIN: 20482213). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Friends Forever's spending goes to programs?
Friends Forever directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Friends Forever located?
Friends Forever is headquartered in Durham, New Hampshire and files with the IRS under EIN 20482213.
How many years of IRS 990 filings does Friends Forever have?
Friends Forever 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 $1.8M in total revenue.
Is Friends Forever a good charity?
Based on the available financial data, Friends Forever appears to be a well-managed charity with strong financial health, significant asset growth, and a notable commitment to directing funds away from executive compensation. The consistent surplus of revenue over expenses in most years, such as $2,036,268 revenue vs. $863,126 expenses in 2023, indicates efficient operations.
How has Friends Forever's financial health changed over time?
Friends Forever has shown remarkable financial growth, with assets increasing from $356,236 in 2014 to $4,983,750 in 2023. Revenue has fluctuated significantly, but expenses have generally remained well below revenue, contributing to this asset accumulation.
What is the significance of 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings is highly significant. It suggests that the organization's leadership may be entirely volunteer-based or that compensation is covered through other means not reported as officer compensation, indicating a strong commitment to maximizing funds for programmatic use.
Filing History
IRS 990 filing history for Friends Forever showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Friends Forever's revenue has grown by 657.3%, moving from $269K to $2.0M. Total assets increased by 17045.1% over the same period, from $29K to $5.0M. Total functional expenses rose by 230.6%, from $261K to $863K. In its most recent filing year (2023), Friends Forever reported a surplus of $1.2M, with revenue exceeding expenses. The organization holds $710K in liabilities against $5.0M in assets (debt-to-asset ratio: 14.2%), resulting in net assets of $4.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $863K | $5.0M | $710K | — | View 990 |
| 2022 | $577K | $615K | $3.8M | $725K | — | View 990 |
| 2021 | $1.3M | $597K | $3.9M | $741K | — | — |
| 2020 | $2.7M | $562K | $3.2M | $754K | — | View 990 |
| 2019 | $800K | $1.4M | $1.1M | $757K | — | View 990 |
| 2018 | $853K | $655K | $1.3M | $411K | — | View 990 |
| 2017 | $760K | $529K | $1.1M | $407K | — | View 990 |
| 2016 | $663K | $473K | $891K | $398K | — | View 990 |
| 2015 | $497K | $434K | $710K | $408K | — | View 990 |
| 2014 | $598K | $434K | $356K | $118K | — | View 990 |
| 2013 | $420K | $392K | $72K | $-2,177 | — | View 990 |
| 2012 | $349K | $330K | $55K | $8K | — | View 990 |
| 2011 | $269K | $261K | $29K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $863K, and assets of $5.0M (revenue +252.9% year-over-year).
- 2022: Revenue of $577K, expenses of $615K, and assets of $3.8M (revenue -54.5% year-over-year).
- 2021: Revenue of $1.3M, expenses of $597K, and assets of $3.9M (revenue -53.3% year-over-year).
- 2020: Revenue of $2.7M, expenses of $562K, and assets of $3.2M (revenue +239.4% year-over-year).
- 2019: Revenue of $800K, expenses of $1.4M, and assets of $1.1M (revenue -6.2% year-over-year).
- 2018: Revenue of $853K, expenses of $655K, and assets of $1.3M (revenue +12.2% year-over-year).
- 2017: Revenue of $760K, expenses of $529K, and assets of $1.1M (revenue +14.7% year-over-year).
- 2016: Revenue of $663K, expenses of $473K, and assets of $891K (revenue +33.4% year-over-year).
- 2015: Revenue of $497K, expenses of $434K, and assets of $710K (revenue -16.9% year-over-year).
- 2014: Revenue of $598K, expenses of $434K, and assets of $356K (revenue +42.4% year-over-year).
- 2013: Revenue of $420K, expenses of $392K, and assets of $72K (revenue +20.3% year-over-year).
- 2012: Revenue of $349K, expenses of $330K, and assets of $55K (revenue +29.9% year-over-year).
- 2011: Revenue of $269K, expenses of $261K, and assets of $29K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Forever:
Data Sources and Methodology
This transparency report for Friends Forever 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.