Friends Of Ithemba

Friends Of Ithemba maintains zero liabilities and officer compensation amidst fluctuating revenue.

EIN: 200925522 · Ninety Six, SC · NTEE: G81 · Updated: 2026-03-28

$32KRevenue

$34KAssets

90/100Mission Score (Excellent)

G81

About Friends Of Ithemba

Friends Of Ithemba (EIN: 200925522) is a nonprofit organization based in Ninety Six, SC, classified under NTEE code G81. The organization reported total revenue of $32K and total assets of $34K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Ithemba's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Friends Of Ithemba demonstrates a fluctuating financial history, with recent years showing significantly lower revenue compared to earlier periods. For instance, revenue in 2023 was $43,342, a stark contrast to $256,869 in 2015. Despite this variability, the organization consistently reports zero liabilities and zero officer compensation across all available filings, indicating a strong commitment to financial prudence and a volunteer-driven leadership model. The organization's assets have shown growth in recent years, reaching $35,790 in 2023, up from $14,221 in 2022, suggesting a rebuilding of its financial reserves. The absence of officer compensation also points to a high degree of transparency regarding executive pay, as there is none to report.

Spending efficiency appears to be strong, particularly in the latest filing where expenses were $15,700 against revenue of $43,342, leaving a substantial surplus. While specific program, administrative, and fundraising breakdowns are not provided in the raw data, the overall low expense figures relative to revenue in recent years suggest a lean operational model. The consistent reporting of zero liabilities further reinforces a responsible approach to financial management, avoiding debt. The organization's transparency is commendable given the detailed filing history and the clear indication of no executive compensation, which is a key indicator for many donors.

However, the significant decline in revenue from its peak in 2015 ($256,869) to its current level ($43,342 in 2023) is a notable trend. While the organization has adapted by reducing expenses, this revenue volatility could impact its long-term program capacity if not addressed. The consistent lack of liabilities and officer compensation are strong positive indicators of sound financial governance and a focus on mission over executive pay.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Friends Of Ithemba 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 Ithemba 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.

Executive Compensation Analysis

Friends Of Ithemba consistently reports 0% officer compensation across all available filings, indicating a volunteer-led organization with no paid executives, which is highly unusual for an organization with its revenue history.

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 Ithemba's IRS 990 filings:

Significant revenue volatility over the past decade, with a substantial decline from peak years.

Strengths

The following positive indicators were identified for Friends Of Ithemba:

Consistent reporting of zero liabilities, indicating strong financial management and no debt.
Zero officer compensation reported across all filings, suggesting a volunteer-driven model and high efficiency in executive costs.
Positive net assets growth in recent years, from $14,221 in 2022 to $35,790 in 2023.
Strong expense control, particularly in 2023 where expenses ($15,700) were significantly lower than revenue ($43,342).

Frequently Asked Questions about Friends Of Ithemba

Is Friends Of Ithemba a good charity?

Based on the available data, Friends Of Ithemba appears to be a good charity, particularly due to its consistent reporting of zero liabilities and zero officer compensation, indicating strong financial prudence and a volunteer-driven model. Its program efficiency, while not explicitly detailed in percentages, is implied by low overall expenses relative to revenue in recent years.

How has Friends Of Ithemba's revenue changed over time?

Friends Of Ithemba's revenue has experienced significant fluctuations, peaking at $256,869 in 2015 and declining to $43,342 in 2023. There was a notable dip to $16,778 in 2022 before a rebound in 2023.

What is Friends Of Ithemba's approach to executive compensation?

Friends Of Ithemba has a consistent approach of not paying any officer compensation, as indicated by 0% officer compensation reported in all available IRS 990 filings. This suggests a volunteer-led or highly lean executive structure.

Filing History

IRS 990 filing history for Friends Of Ithemba showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Friends Of Ithemba's revenue has declined by 86.1%, moving from $312K to $43K. Total assets increased by 141.4% over the same period, from $15K to $36K. Total functional expenses fell by 95.6%, from $354K to $16K. In its most recent filing year (2023), Friends Of Ithemba reported a surplus of $28K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$43K	$16K	$36K	$0	—	—
2022	$17K	$13K	$14K	$0	—	—
2021	$84K	$80K	$11K	$0	—	—
2020	$148K	$160K	$7K	$0	—	—
2019	$142K	$141K	$19K	$0	—	View 990
2018	$163K	$146K	$18K	$0	—	View 990
2017	$218K	$218K	$699	$0	—	View 990
2016	$176K	$177K	$677	$0	—	View 990
2015	$257K	$272K	$1K	$0	—	View 990
2014	$207K	$329K	$16K	$0	—	View 990
2013	$329K	$205K	$138K	$0	—	View 990
2012	$374K	$375K	$14K	$0	—	View 990
2011	$312K	$354K	$15K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $43K, expenses of $16K, and assets of $36K (revenue +158.3% year-over-year).
2022: Revenue of $17K, expenses of $13K, and assets of $14K (revenue -79.9% year-over-year).
2021: Revenue of $84K, expenses of $80K, and assets of $11K (revenue -43.6% year-over-year).
2020: Revenue of $148K, expenses of $160K, and assets of $7K (revenue +4.2% year-over-year).
2019: Revenue of $142K, expenses of $141K, and assets of $19K (revenue -12.8% year-over-year).
2018: Revenue of $163K, expenses of $146K, and assets of $18K (revenue -25.2% year-over-year).
2017: Revenue of $218K, expenses of $218K, and assets of $699 (revenue +23.5% year-over-year).
2016: Revenue of $176K, expenses of $177K, and assets of $677 (revenue -31.3% year-over-year).
2015: Revenue of $257K, expenses of $272K, and assets of $1K (revenue +24.3% year-over-year).
2014: Revenue of $207K, expenses of $329K, and assets of $16K (revenue -37.3% year-over-year).
2013: Revenue of $329K, expenses of $205K, and assets of $138K (revenue -12.0% year-over-year).
2012: Revenue of $374K, expenses of $375K, and assets of $14K (revenue +20.1% year-over-year).
2011: Revenue of $312K, expenses of $354K, and assets of $15K.

Data Sources and Methodology

This transparency report for Friends Of Ithemba 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.