Friends Of Animals Inc
Friends Of Animals Inc shows strong asset growth and zero reported officer compensation over the past decade.
EIN: 136018549 · Darien, CT · NTEE: D21Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.9M |
| Total Expenses | $4.6M |
| Program Spending | 85% |
| Net Assets | $13.2M |
| Transparency Score | 90/100 |
Is Friends Of Animals Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of Animals Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of Animals Inc
Friends Of Animals Inc (EIN: 136018549) is a nonprofit organization based in Darien, CT, classified under NTEE code D21Z. The organization reported total revenue of $5.9M and total assets of $15.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Animals Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of Animals Inc is a mid-size nonprofit that has been operating for 67 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 1.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.5M |
| Total Expenses | $4.6M |
| Surplus / Deficit | +$964K |
| Total Assets | $13.9M |
| Total Liabilities | $754K |
| Net Assets | $13.2M |
| Operating Margin | 17.5% |
| Debt-to-Asset Ratio | 5.4% |
| Months of Reserves | 36.7 months |
Financial Health Grade: A
In 2024, Friends Of Animals Inc reported a surplus of $964K with revenue exceeding expenses, holds 36.7 months of operating reserves (strong position), has a debt-to-asset ratio of 5.4% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Friends Of Animals Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +9.7% | -3.3% | +11.1% |
| 2023 | -42.9% | +10.2% | +0.9% |
| 2022 | +62.6% | -3.8% | +39.7% |
| 2021 | +6.3% | -9.7% | +37.3% |
| 2020 | +9.2% | -5.0% | +1.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 4000 |
| IRS Ruling Date | 1959 |
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 Of Animals Inc 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 Of Animals 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $964K, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.4%.
Executive Compensation Analysis
Friends Of Animals Inc consistently reports 0% officer compensation across all available filings, indicating that no portion of their expenses is allocated to executive salaries, which is highly favorable for donor trust and mission focus.
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 Of Animals Inc:
- Consistent 0% officer compensation reported across all filings, indicating strong mission focus.
- Significant asset growth, nearly tripling from $6.4 million in 2020 to $15.6 million currently.
- Healthy revenue streams, with latest revenue at $5.89 million and a peak of $8.8 million in 2022.
- Positive net income in most recent years, contributing to asset accumulation (e.g., 2024 revenue $5.52M vs expenses $4.56M).
Frequently Asked Questions about Friends Of Animals Inc
Is Friends Of Animals Inc a legitimate charity?
Friends Of Animals Inc (EIN: 136018549) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $5.9M. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Friends Of Animals Inc spend its money?
Friends Of Animals Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Friends Of Animals Inc tax-deductible?
Friends Of Animals Inc is registered as a tax-exempt nonprofit (EIN: 136018549). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Friends Of Animals Inc's spending goes to programs?
Friends Of Animals Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Friends Of Animals Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Friends Of Animals Inc is above average for NTEE category D21Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Friends Of Animals Inc located?
Friends Of Animals Inc is headquartered in Darien, Connecticut and files with the IRS under EIN 136018549. It is classified under NTEE code D21Z.
How many years of IRS 990 filings does Friends Of Animals Inc have?
Friends Of Animals 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 $5.9M in total revenue.
Is Friends Of Animals Inc a good charity?
Based on the provided data, Friends Of Animals Inc appears to be a good charity. They demonstrate strong financial health with growing assets, consistent revenue, and a notable commitment to directing funds towards their mission by reporting 0% officer compensation across all filings.
How has Friends Of Animals Inc's financial health changed over time?
Friends Of Animals Inc has shown significant financial growth, with assets nearly tripling from $6.4 million in 2020 to $15.6 million currently. Revenue has been consistently strong, averaging around $6 million annually, indicating a stable and growing organization.
What is the trend in Friends Of Animals Inc's revenue and expenses?
Revenue for Friends Of Animals Inc has fluctuated but remained robust, with a high of $8.8 million in 2022 and current revenue at $5.89 million. Expenses have generally been lower than revenue in recent years, allowing for asset growth, for example, in 2024, revenue was $5.52 million against expenses of $4.56 million.
Filing History
IRS 990 filing history for Friends Of Animals Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Friends Of Animals Inc's revenue has grown by 21.8%, moving from $4.5M to $5.5M. Total assets increased by 122.1% over the same period, from $6.3M to $13.9M. Total functional expenses fell by 6.9%, from $4.9M to $4.6M. In its most recent filing year (2024), Friends Of Animals Inc reported a surplus of $964K, with revenue exceeding expenses. The organization holds $754K in liabilities against $13.9M in assets (debt-to-asset ratio: 5.4%), resulting in net assets of $13.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $5.5M | $4.6M | $13.9M | $754K | — | View 990 |
| 2023 | $5.0M | $4.7M | $12.5M | $1.0M | — | — |
| 2022 | $8.8M | $4.3M | $12.4M | $826K | — | View 990 |
| 2021 | $5.4M | $4.4M | $8.9M | $1.2M | — | — |
| 2020 | $5.1M | $4.9M | $6.5M | $630K | — | View 990 |
| 2019 | $4.7M | $5.2M | $6.4M | $615K | — | View 990 |
| 2018 | $3.5M | $5.1M | $6.3M | $572K | — | — |
| 2017 | $4.1M | $4.8M | $7.5M | $573K | — | View 990 |
| 2016 | $4.6M | $4.9M | $7.9M | $495K | — | View 990 |
| 2015 | $6.5M | $5.0M | $8.6M | $632K | — | View 990 |
| 2014 | $4.9M | $4.9M | $6.8M | $609K | — | View 990 |
| 2013 | $5.0M | $4.4M | $6.9M | $699K | — | View 990 |
| 2012 | $4.5M | $4.9M | $6.3M | $695K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $5.5M, expenses of $4.6M, and assets of $13.9M (revenue +9.7% year-over-year).
- 2023: Revenue of $5.0M, expenses of $4.7M, and assets of $12.5M (revenue -42.9% year-over-year).
- 2022: Revenue of $8.8M, expenses of $4.3M, and assets of $12.4M (revenue +62.6% year-over-year).
- 2021: Revenue of $5.4M, expenses of $4.4M, and assets of $8.9M (revenue +6.3% year-over-year).
- 2020: Revenue of $5.1M, expenses of $4.9M, and assets of $6.5M (revenue +9.2% year-over-year).
- 2019: Revenue of $4.7M, expenses of $5.2M, and assets of $6.4M (revenue +32.6% year-over-year).
- 2018: Revenue of $3.5M, expenses of $5.1M, and assets of $6.3M (revenue -14.1% year-over-year).
- 2017: Revenue of $4.1M, expenses of $4.8M, and assets of $7.5M (revenue -11.6% year-over-year).
- 2016: Revenue of $4.6M, expenses of $4.9M, and assets of $7.9M (revenue -28.9% year-over-year).
- 2015: Revenue of $6.5M, expenses of $5.0M, and assets of $8.6M (revenue +32.7% year-over-year).
- 2014: Revenue of $4.9M, expenses of $4.9M, and assets of $6.8M (revenue -1.1% year-over-year).
- 2013: Revenue of $5.0M, expenses of $4.4M, and assets of $6.9M (revenue +9.8% year-over-year).
- 2012: Revenue of $4.5M, expenses of $4.9M, and assets of $6.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of Animals Inc:
Data Sources and Methodology
This transparency report for Friends Of Animals 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.