Friends Of Refugees Inc
Friends Of Refugees Inc faces recent operating deficit and significant liability increase despite historical growth and no reported officer compensation.
EIN: 201989492 · Clarkston, GA · NTEE: K31 · Updated: 2026-03-28
Is Friends Of Refugees Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of Refugees Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of Refugees Inc
Friends Of Refugees Inc (EIN: 201989492) is a nonprofit organization based in Clarkston, GA, classified under NTEE code K31. The organization reported total revenue of $2.6M and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Refugees Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of Refugees Inc is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 21.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $2.6M |
| Surplus / Deficit | $-732,961 |
| Total Assets | $1.7M |
| Total Liabilities | $819K |
| Net Assets | $873K |
| Operating Margin | -39.9% |
| Debt-to-Asset Ratio | 48.4% |
| Months of Reserves | 7.9 months |
Financial Health Grade: B
In 2023, Friends Of Refugees Inc reported a deficit of $733K with expenses exceeding revenue, holds 7.9 months of operating reserves (strong position), has a debt-to-asset ratio of 48.4% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Friends Of Refugees Inc's revenue has grown at a compound annual growth rate (CAGR) of 21.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.7% | +37.9% | +5.4% |
| 2022 | +20.1% | +4.9% | -26.7% |
| 2021 | -26.3% | +0.8% | -3.9% |
| 2020 | +21.8% | +9.0% | +34.2% |
| 2019 | -0.1% | +10.2% | +12.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Refugees Inc with a Mission Score of 80 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 Refugees 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $733K, with expenses exceeding revenue.
- Debt-to-asset ratio: 48.4%.
Executive Compensation Analysis
Friends Of Refugees Inc consistently reports 0% officer compensation across all 13 filings, indicating that its top leadership is either unpaid, compensated through non-officer roles, or that the organization operates with a volunteer executive structure, which is highly unusual for an organization with annual revenues exceeding $1.8 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 Refugees Inc's IRS 990 filings:
- Significant operating deficit in the latest fiscal period (202309: Expenses $2,570,695 vs. Revenue $1,837,734).
- Dramatic increase in liabilities from $34,341 in 202209 to $818,935 in 202309, representing a 2,286% increase.
- Unusually consistent 0% reported officer compensation for an organization of this size and revenue, which could indicate a lack of transparency in executive compensation reporting or an unsustainable reliance on unpaid leadership.
Strengths
The following positive indicators were identified for Friends Of Refugees Inc:
- Consistent growth in revenue and assets over the past decade, indicating strong donor support and expanding operations (e.g., revenue from $539,811 in 201409 to $1,837,734 in 202309).
- Historical trend of expenses generally aligning with or being less than revenue, demonstrating fiscal prudence in prior years.
- Strong program focus implied by the NTEE code (K31 - Refugee & Immigrant Aid) and the general nature of nonprofit operations, supported by the lack of reported officer compensation which suggests resources are directed elsewhere.
Frequently Asked Questions about Friends Of Refugees Inc
Is Friends Of Refugees Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of Refugees Inc (EIN: 201989492) some concerns. Mission Score: 80/100. 3 red flags identified, 3 strengths noted.
How does Friends Of Refugees Inc spend its money?
Friends Of Refugees Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friends Of Refugees Inc tax-deductible?
Friends Of Refugees Inc is registered as a tax-exempt nonprofit (EIN: 201989492). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the significant increase in liabilities from $34,341 in 202209 to $818,935 in 202309?
The provided data does not specify the nature of this substantial increase in liabilities. A detailed review of the full IRS Form 990 for the 202309 period would be necessary to understand the specific accounts contributing to this change.
How does Friends Of Refugees Inc manage to operate with 0% reported officer compensation given its scale?
The consistent reporting of 0% officer compensation suggests that executive leadership may be volunteer-based, compensated through a related organization, or that their compensation is categorized differently within the 990 filing (e.g., as general salaries rather than officer compensation). This practice is uncommon for an organization with over $1.8 million in annual expenses and warrants further investigation into their compensation structure.
What was the primary driver of the $732,961 operating deficit in the 202309 fiscal period?
The deficit of $732,961 (Expenses $2,570,695 - Revenue $1,837,734) indicates that expenses significantly outpaced revenue in the latest period. Without a detailed breakdown of expenses, it's unclear if this was due to increased program costs, administrative overhead, or other factors. This trend, if continued, could impact the organization's financial stability.
Is the organization's asset base sufficient to cover its increased liabilities?
In the 202309 period, assets were $1,691,773 and liabilities were $818,935. While assets still exceed liabilities, the significant increase in liabilities and the operating deficit suggest a need to monitor liquidity and ensure that the asset base remains robust enough to cover obligations, especially if a substantial portion of assets are illiquid.
Filing History
IRS 990 filing history for Friends Of Refugees Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Friends Of Refugees Inc's revenue has grown by 887.1%, moving from $186K to $1.8M. Total assets increased by 2910.6% over the same period, from $56K to $1.7M. Total functional expenses rose by 1499.2%, from $161K to $2.6M. In its most recent filing year (2023), Friends Of Refugees Inc reported a deficit of $733K, with expenses exceeding revenue. The organization holds $819K in liabilities against $1.7M in assets (debt-to-asset ratio: 48.4%), resulting in net assets of $873K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $2.6M | $1.7M | $819K | — | View 990 |
| 2022 | $1.9M | $1.9M | $1.6M | $34K | — | View 990 |
| 2021 | $1.6M | $1.8M | $2.2M | $211K | — | View 990 |
| 2020 | $2.2M | $1.8M | $2.3M | $199K | — | — |
| 2019 | $1.8M | $1.6M | $1.7M | $13K | — | View 990 |
| 2018 | $1.8M | $1.5M | $1.5M | $18K | — | View 990 |
| 2017 | $1.8M | $1.1M | $1.2M | $14K | — | View 990 |
| 2016 | $964K | $836K | $480K | $10K | — | View 990 |
| 2015 | $613K | $523K | $342K | $0 | — | View 990 |
| 2014 | $540K | $383K | $251K | $0 | — | View 990 |
| 2013 | $272K | $248K | $94K | $0 | — | View 990 |
| 2012 | $212K | $198K | $70K | $0 | — | View 990 |
| 2011 | $186K | $161K | $56K | $73 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $2.6M, and assets of $1.7M (revenue -5.7% year-over-year).
- 2022: Revenue of $1.9M, expenses of $1.9M, and assets of $1.6M (revenue +20.1% year-over-year).
- 2021: Revenue of $1.6M, expenses of $1.8M, and assets of $2.2M (revenue -26.3% year-over-year).
- 2020: Revenue of $2.2M, expenses of $1.8M, and assets of $2.3M (revenue +21.8% year-over-year).
- 2019: Revenue of $1.8M, expenses of $1.6M, and assets of $1.7M (revenue -0.1% year-over-year).
- 2018: Revenue of $1.8M, expenses of $1.5M, and assets of $1.5M (revenue +2.5% year-over-year).
- 2017: Revenue of $1.8M, expenses of $1.1M, and assets of $1.2M (revenue +82.9% year-over-year).
- 2016: Revenue of $964K, expenses of $836K, and assets of $480K (revenue +57.2% year-over-year).
- 2015: Revenue of $613K, expenses of $523K, and assets of $342K (revenue +13.6% year-over-year).
- 2014: Revenue of $540K, expenses of $383K, and assets of $251K (revenue +98.3% year-over-year).
- 2013: Revenue of $272K, expenses of $248K, and assets of $94K (revenue +28.7% year-over-year).
- 2012: Revenue of $212K, expenses of $198K, and assets of $70K (revenue +13.6% year-over-year).
- 2011: Revenue of $186K, expenses of $161K, and assets of $56K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of Refugees Inc:
Data Sources and Methodology
This transparency report for Friends Of Refugees 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.