Friends Of The Strand Inc
Friends Of The Strand Inc maintains stable finances with growing assets and no reported officer compensation, though liabilities have increased.
EIN: 200210688 · Marietta, GA · NTEE: A54 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.9M |
| Total Expenses | $2.2M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $6 |
| Net Assets | $3.4M |
| Transparency Score | 85/100 |
Is Friends Of The Strand 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 The Strand Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of The Strand Inc
Friends Of The Strand Inc (EIN: 200210688) is a nonprofit organization based in Marietta, GA, classified under NTEE code A54. The organization reported total revenue of $2.9M and total assets of $6.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of The Strand Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of The Strand Inc is a mid-size nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.4M |
| Total Expenses | $2.2M |
| Surplus / Deficit | +$103K |
| Total Assets | $6.4M |
| Total Liabilities | $3.0M |
| Net Assets | $3.4M |
| Operating Margin | 4.4% |
| Debt-to-Asset Ratio | 46.4% |
| Months of Reserves | 34.3 months |
Financial Health Grade: A
In 2023, Friends Of The Strand Inc reported a surplus of $103K with revenue exceeding expenses, holds 34.3 months of operating reserves (strong position), has a debt-to-asset ratio of 46.4% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Friends Of The Strand Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +44.2% | +34.5% | +6.3% |
| 2022 | -14.6% | +40.5% | +23.6% |
| 2021 | +106.0% | +24.3% | +17.7% |
| 2020 | -33.1% | -33.7% | +3.6% |
| 2019 | -24.7% | +6.1% | -9.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 The Strand Inc 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Friends Of The Strand 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 surplus of $103K, with revenue exceeding expenses.
- Debt-to-asset ratio: 46.4%.
Executive Compensation Analysis
Friends Of The Strand Inc consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either entirely volunteer-based or compensated through other means not categorized as officer compensation, which is highly favorable for a nonprofit of its size with assets over $6 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 The Strand Inc's IRS 990 filings:
- Significant increase in liabilities from $1,491,891 in 2021 to $2,981,414 in 2023, which needs further clarification.
Strengths
The following positive indicators were identified for Friends Of The Strand Inc:
- Consistent 0% officer compensation across all reported periods, indicating strong dedication to mission spending.
- Steady growth in assets, from $4,007,225 in 2019 to $6,421,572 in 2023, demonstrating financial stability.
- Consistent filing of IRS 990 forms, indicating good transparency practices.
- Revenues generally cover expenses, as seen in 2023 ($2,352,126 revenue vs. $2,249,455 expenses), suggesting sound financial management.
Frequently Asked Questions about Friends Of The Strand Inc
Is Friends Of The Strand Inc a legitimate charity?
Friends Of The Strand Inc (EIN: 200210688) is a registered tax-exempt nonprofit based in Georgia. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.9M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Friends Of The Strand Inc spend its money?
Friends Of The Strand Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Friends Of The Strand Inc tax-deductible?
Friends Of The Strand Inc is registered as a tax-exempt nonprofit (EIN: 200210688). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Friends Of The Strand Inc CEO make?
Friends Of The Strand Inc's highest-compensated officer earns $6 annually. The organization reported $2.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Friends Of The Strand Inc's spending goes to programs?
Friends Of The Strand Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Friends Of The Strand Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Friends Of The Strand Inc is above average for NTEE category A54 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Friends Of The Strand Inc located?
Friends Of The Strand Inc is headquartered in Marietta, Georgia and files with the IRS under EIN 200210688. It is classified under NTEE code A54.
How many years of IRS 990 filings does Friends Of The Strand Inc have?
Friends Of The Strand 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 $2.9M in total revenue.
Is Friends Of The Strand Inc a good charity?
Based on the available data, Friends Of The Strand Inc appears to be a good charity. It demonstrates consistent financial operations, growing assets, and notably, reports 0% officer compensation, suggesting a strong commitment to directing funds towards its mission rather than executive salaries.
What is the trend in the organization's liabilities?
The organization's liabilities have shown a significant upward trend, increasing from $1,491,891 in 2021 to $2,981,414 in 2023. This nearly doubled liability in two years warrants further investigation to understand its nature and impact on financial health.
How has the organization's asset base changed over time?
Friends Of The Strand Inc's assets have shown consistent growth, increasing from $4,007,225 in 2019 to $6,421,572 in 2023, indicating effective asset accumulation and management.
Filing History
IRS 990 filing history for Friends Of The Strand Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Friends Of The Strand Inc's revenue has grown by 226.1%, moving from $721K to $2.4M. Total assets increased by 3.6% over the same period, from $6.2M to $6.4M. Total functional expenses rose by 169.1%, from $836K to $2.2M. In its most recent filing year (2023), Friends Of The Strand Inc reported a surplus of $103K, with revenue exceeding expenses. The organization holds $3.0M in liabilities against $6.4M in assets (debt-to-asset ratio: 46.4%), resulting in net assets of $3.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.4M | $2.2M | $6.4M | $3.0M | — | — |
| 2022 | $1.6M | $1.7M | $6.0M | $2.7M | — | — |
| 2021 | $1.9M | $1.2M | $4.9M | $1.5M | — | View 990 |
| 2020 | $927K | $958K | $4.2M | $1.6M | — | — |
| 2019 | $1.4M | $1.4M | $4.0M | $1.6M | — | View 990 |
| 2018 | $1.8M | $1.4M | $4.4M | $1.9M | — | View 990 |
| 2017 | $1.6M | $1.2M | $4.6M | $2.5M | — | View 990 |
| 2016 | $923K | $1.0M | $5.0M | $3.8M | — | View 990 |
| 2015 | $976K | $1.1M | $5.1M | $3.8M | — | View 990 |
| 2014 | $830K | $1.2M | $5.2M | $3.8M | — | View 990 |
| 2013 | $819K | $1.1M | $5.4M | $3.7M | — | View 990 |
| 2012 | $975K | $982K | $5.7M | $3.7M | — | View 990 |
| 2011 | $721K | $836K | $6.2M | $3.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.4M, expenses of $2.2M, and assets of $6.4M (revenue +44.2% year-over-year).
- 2022: Revenue of $1.6M, expenses of $1.7M, and assets of $6.0M (revenue -14.6% year-over-year).
- 2021: Revenue of $1.9M, expenses of $1.2M, and assets of $4.9M (revenue +106.0% year-over-year).
- 2020: Revenue of $927K, expenses of $958K, and assets of $4.2M (revenue -33.1% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.4M, and assets of $4.0M (revenue -24.7% year-over-year).
- 2018: Revenue of $1.8M, expenses of $1.4M, and assets of $4.4M (revenue +16.0% year-over-year).
- 2017: Revenue of $1.6M, expenses of $1.2M, and assets of $4.6M (revenue +71.8% year-over-year).
- 2016: Revenue of $923K, expenses of $1.0M, and assets of $5.0M (revenue -5.4% year-over-year).
- 2015: Revenue of $976K, expenses of $1.1M, and assets of $5.1M (revenue +17.6% year-over-year).
- 2014: Revenue of $830K, expenses of $1.2M, and assets of $5.2M (revenue +1.3% year-over-year).
- 2013: Revenue of $819K, expenses of $1.1M, and assets of $5.4M (revenue -16.0% year-over-year).
- 2012: Revenue of $975K, expenses of $982K, and assets of $5.7M (revenue +35.2% year-over-year).
- 2011: Revenue of $721K, expenses of $836K, and assets of $6.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of The Strand Inc:
Data Sources and Methodology
This transparency report for Friends Of The Strand 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.