Friends Of Faces
Friends Of Faces maintains substantial assets despite volatile revenue and occasional deficits.
EIN: 208944024 · Reston, VA · NTEE: H54 · Updated: 2026-03-28
Is Friends Of Faces Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of Faces directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of Faces
Friends Of Faces (EIN: 208944024) is a nonprofit organization based in Reston, VA, classified under NTEE code H54. The organization reported total revenue of $480K and total assets of $13.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Faces's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of Faces is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $515K |
| Total Expenses | $735K |
| Surplus / Deficit | $-220,149 |
| Total Assets | $13.8M |
| Net Assets | $13.8M |
| Operating Margin | -42.8% |
| Months of Reserves | 226.2 months |
Financial Health Grade: B
In 2023, Friends Of Faces reported a deficit of $220K with expenses exceeding revenue, holds 226.2 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Friends Of Faces's revenue has grown at a compound annual growth rate (CAGR) of 13.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -91.6% | +16.7% | -1.6% |
| 2022 | +90.3% | +34.8% | +64.5% |
| 2021 | +23.6% | -91.7% | +47.7% |
| 2020 | +3.3% | +164.9% | -34.4% |
| 2019 | +29.1% | +791.9% | +4.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Faces with a Mission Score of 85 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Friends Of Faces allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 deficit of $220K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that no officers receive salaries from the organization, which is highly unusual for an organization with assets exceeding $13 million.
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 Of Faces's IRS 990 filings:
- Highly volatile annual revenue, with a significant drop from $6.1M in 2022 to $0.5M in 2023.
- Expenses ($734,772) exceeded revenue ($514,623) in 2023, indicating an operating deficit for the year.
Strengths
The following positive indicators were identified for Friends Of Faces:
- Substantial and consistently growing asset base, reaching $13,849,795 in 2023.
- Consistently reports 0% officer compensation, indicating high efficiency in executive pay.
- Zero reported liabilities across all filing periods, demonstrating strong financial stability.
- Long history of IRS 990 filings (13 filings), indicating good transparency and compliance.
Frequently Asked Questions about Friends Of Faces
Is Friends Of Faces a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of Faces (EIN: 208944024) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Friends Of Faces spend its money?
Friends Of Faces directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friends Of Faces tax-deductible?
Friends Of Faces is registered as a tax-exempt nonprofit (EIN: 208944024). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the significant revenue fluctuations, such as the drop from $6.1M in 2022 to $0.5M in 2023?
The provided data does not specify the reasons for these dramatic shifts in revenue. It could be due to large one-time grants, changes in fundraising strategies, or the timing of major donations.
How does Friends Of Faces operate with 0% officer compensation given its asset size?
This suggests that executive leadership may be entirely volunteer-based, compensated by another entity, or that compensation is structured in a way not reported as 'officer compensation' on the 990, though the latter is less likely given consistent reporting.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided summary data does not offer a granular breakdown of these expense categories. Further analysis of the full IRS Form 990 would be required to determine these percentages accurately.
Filing History
IRS 990 filing history for Friends Of Faces showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Friends Of Faces's revenue has grown by 369.5%, moving from $110K to $515K. Total assets increased by 1170.1% over the same period, from $1.1M to $13.8M. Total functional expenses rose by 1189.9%, from $57K to $735K. In its most recent filing year (2023), Friends Of Faces reported a deficit of $220K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $515K | $735K | $13.8M | $0 | — | — |
| 2022 | $6.1M | $630K | $14.1M | $0 | — | View 990 |
| 2021 | $3.2M | $467K | $8.6M | $0 | — | View 990 |
| 2020 | $2.6M | $5.7M | $5.8M | $0 | — | — |
| 2019 | $2.5M | $2.1M | $8.8M | $0 | — | View 990 |
| 2018 | $2.0M | $239K | $8.4M | $0 | — | View 990 |
| 2017 | $1.7M | $446K | $6.7M | $0 | — | View 990 |
| 2016 | $643K | $339K | $5.5M | $0 | — | View 990 |
| 2015 | $669K | $145K | $5.2M | $0 | — | View 990 |
| 2014 | $1.3M | $363K | $4.6M | $0 | — | View 990 |
| 2013 | $2.5M | $189K | $3.7M | $0 | — | View 990 |
| 2012 | $358K | $96K | $1.4M | $0 | — | View 990 |
| 2011 | $110K | $57K | $1.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $515K, expenses of $735K, and assets of $13.8M (revenue -91.6% year-over-year).
- 2022: Revenue of $6.1M, expenses of $630K, and assets of $14.1M (revenue +90.3% year-over-year).
- 2021: Revenue of $3.2M, expenses of $467K, and assets of $8.6M (revenue +23.6% year-over-year).
- 2020: Revenue of $2.6M, expenses of $5.7M, and assets of $5.8M (revenue +3.3% year-over-year).
- 2019: Revenue of $2.5M, expenses of $2.1M, and assets of $8.8M (revenue +29.1% year-over-year).
- 2018: Revenue of $2.0M, expenses of $239K, and assets of $8.4M (revenue +14.4% year-over-year).
- 2017: Revenue of $1.7M, expenses of $446K, and assets of $6.7M (revenue +166.4% year-over-year).
- 2016: Revenue of $643K, expenses of $339K, and assets of $5.5M (revenue -3.9% year-over-year).
- 2015: Revenue of $669K, expenses of $145K, and assets of $5.2M (revenue -49.2% year-over-year).
- 2014: Revenue of $1.3M, expenses of $363K, and assets of $4.6M (revenue -47.6% year-over-year).
- 2013: Revenue of $2.5M, expenses of $189K, and assets of $3.7M (revenue +602.8% year-over-year).
- 2012: Revenue of $358K, expenses of $96K, and assets of $1.4M (revenue +226.2% year-over-year).
- 2011: Revenue of $110K, expenses of $57K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of Faces:
Data Sources and Methodology
This transparency report for Friends Of Faces 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.