Friends In Solidarity Inc
EIN: 475649302 · Silver Spring, MD · NTEE: Q30
| Metric | Value |
|---|---|
| Total Revenue | $933K |
| Total Expenses | $780K |
| Net Assets | $1.1M |
Is Friends In Solidarity 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 In Solidarity Inc
Friends In Solidarity Inc (EIN: 475649302) is a nonprofit organization based in Silver Spring, MD, classified under NTEE code Q30. The organization reported total revenue of $933K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends In Solidarity Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends In Solidarity Inc is a small nonprofit that has been operating for 10 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 169.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $911K |
| Total Expenses | $780K |
| Surplus / Deficit | +$131K |
| Total Assets | $1.1M |
| Total Liabilities | $4K |
| Net Assets | $1.1M |
| Operating Margin | 14.4% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 17.4 months |
Financial Health Grade: A
In 2023, Friends In Solidarity Inc reported a surplus of $131K with revenue exceeding expenses, holds 17.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
Over 9 years of filings (2015–2023), Friends In Solidarity Inc's revenue has grown at a compound annual growth rate (CAGR) of 169.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -32.5% | -0.5% | +13.6% |
| 2022 | +74.8% | +11.2% | +132.4% |
| 2021 | +26.8% | +35.6% | +18.8% |
| 2020 | +21.5% | +7.6% | +33.3% |
| 2019 | -9.1% | +16.5% | +7.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1270 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Friends In Solidarity 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 In Solidarity 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 $131K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.4%.
Frequently Asked Questions about Friends In Solidarity Inc
Is Friends In Solidarity Inc a legitimate charity?
Friends In Solidarity Inc (EIN: 475649302) is a registered tax-exempt nonprofit based in Maryland. It has 9 years of IRS 990 filings on record. Total revenue: $933K. No red flags identified. Financial health grade: A.
How does Friends In Solidarity Inc spend its money?
Friends In Solidarity Inc reported $933K in total revenue in IRS 990 filings. 9 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Friends In Solidarity Inc tax-deductible?
Friends In Solidarity Inc is registered as a tax-exempt nonprofit (EIN: 475649302). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Friends In Solidarity Inc located?
Friends In Solidarity Inc is headquartered in Silver Spring, Maryland and files with the IRS under EIN 475649302. It is classified under NTEE code Q30.
How many years of IRS 990 filings does Friends In Solidarity Inc have?
Friends In Solidarity Inc has 9 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 $933K in total revenue.
Filing History
IRS 990 filing history for Friends In Solidarity Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), Friends In Solidarity Inc's revenue has grown by 280264.3%, moving from $325 to $911K. Total assets increased by 347349.2% over the same period, from $325 to $1.1M. In its most recent filing year (2023), Friends In Solidarity Inc reported a surplus of $131K, with revenue exceeding expenses. The organization holds $4K in liabilities against $1.1M in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $911K | $780K | $1.1M | $4K | — | — |
| 2022 | $1.4M | $784K | $994K | $0 | — | View 990 |
| 2021 | $773K | $705K | $428K | $0 | — | View 990 |
| 2020 | $610K | $520K | $360K | $0 | — | — |
| 2019 | $502K | $483K | $270K | $0 | — | View 990 |
| 2018 | $552K | $415K | $252K | $0 | — | View 990 |
| 2017 | $395K | $331K | $114K | $0 | — | — |
| 2016 | $134K | $84K | $50K | $0 | — | View 990 |
| 2015 | $325 | $0 | $325 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $911K, expenses of $780K, and assets of $1.1M (revenue -32.5% year-over-year).
- 2022: Revenue of $1.4M, expenses of $784K, and assets of $994K (revenue +74.8% year-over-year).
- 2021: Revenue of $773K, expenses of $705K, and assets of $428K (revenue +26.8% year-over-year).
- 2020: Revenue of $610K, expenses of $520K, and assets of $360K (revenue +21.5% year-over-year).
- 2019: Revenue of $502K, expenses of $483K, and assets of $270K (revenue -9.1% year-over-year).
- 2018: Revenue of $552K, expenses of $415K, and assets of $252K (revenue +39.8% year-over-year).
- 2017: Revenue of $395K, expenses of $331K, and assets of $114K (revenue +194.9% year-over-year).
- 2016: Revenue of $134K, expenses of $84K, and assets of $50K (revenue +41094.8% year-over-year).
- 2015: Revenue of $325, expenses of $0, and assets of $325.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends In Solidarity Inc:
Data Sources and Methodology
This transparency report for Friends In Solidarity 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.