Friends Program Inc
Friends Program Inc reports a significant financial surplus in its latest filing after several years of fluctuating revenues and expenses.
EIN: 20326855 · Concord, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.6M |
| Total Expenses | $1.3M |
| Program Spending | 80% |
| Net Assets | $1.2M |
| Transparency Score | 85/100 |
Is Friends Program Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Program Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Program Inc
Friends Program Inc (EIN: 20326855) is a nonprofit organization based in Concord, NH. The organization reported total revenue of $1.6M and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Program Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Program Inc is a mid-size nonprofit that has been operating for 50 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $1.3M |
| Surplus / Deficit | +$494K |
| Total Assets | $1.4M |
| Total Liabilities | $186K |
| Net Assets | $1.2M |
| Operating Margin | 27.5% |
| Debt-to-Asset Ratio | 13.2% |
| Months of Reserves | 13.0 months |
Financial Health Grade: A
In 2023, Friends Program Inc reported a surplus of $494K with revenue exceeding expenses, holds 13.0 months of operating reserves (strong position), has a debt-to-asset ratio of 13.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Friends Program Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +64.7% | +12.8% | +83.8% |
| 2022 | -23.3% | -16.9% | -18.1% |
| 2021 | +1.4% | -2.2% | -1.0% |
| 2020 | -1.2% | -7.4% | +17.4% |
| 2019 | -3.6% | -2.4% | -11.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1976 |
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 Program 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: 80%
- fundraising: 10%
According to IRS 990 filings, Friends Program Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 $494K, with revenue exceeding expenses.
- Debt-to-asset ratio: 13.2%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers received compensation directly from the organization, which is highly transparent and efficient for an organization of its size.
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 Program Inc's IRS 990 filings:
- Fluctuating revenue and expenses in prior years, leading to occasional deficits (e.g., 202209, 202009, 201909, 201809, 201609, 201509, 201409).
Strengths
The following positive indicators were identified for Friends Program Inc:
- Significant financial surplus in the latest filing (202309) of $493,607.
- Consistent reporting of 0% officer compensation, indicating high transparency and efficiency in executive pay.
- Growing asset base, reaching $1,412,124 in 202309.
- Positive trend in financial health from 202209 to 202309.
Frequently Asked Questions about Friends Program Inc
Is Friends Program Inc a legitimate charity?
Friends Program Inc (EIN: 20326855) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.6M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Friends Program Inc spend its money?
Friends Program Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Friends Program Inc tax-deductible?
Friends Program Inc is registered as a tax-exempt nonprofit (EIN: 20326855). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Friends Program Inc's spending goes to programs?
Friends Program Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Friends Program Inc located?
Friends Program Inc is headquartered in Concord, New Hampshire and files with the IRS under EIN 20326855.
How many years of IRS 990 filings does Friends Program Inc have?
Friends Program 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 $1.6M in total revenue.
Is Friends Program Inc financially stable?
Yes, the organization appears financially stable, especially with the latest filing (202309) showing a substantial surplus of $493,607 (Revenue $1,797,060 - Expenses $1,303,453) and growing assets of $1,412,124.
How has Friends Program Inc's revenue trended over time?
Revenue has fluctuated, ranging from a low of $1,090,852 in 202209 to a high of $1,797,060 in 202309, indicating some variability in funding or operational scale.
What is the organization's approach to executive compensation?
Friends Program Inc consistently reports 0% officer compensation in all available filings, suggesting a volunteer-led executive structure or that executive salaries are covered by other means, which is a strong indicator of efficiency and transparency.
Are the organization's assets growing?
Yes, assets have shown growth, increasing from $768,400 in 202209 to $1,412,124 in 202309, indicating a strengthening balance sheet.
Filing History
IRS 990 filing history for Friends Program Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Friends Program Inc's revenue has declined by 10.7%, moving from $2.0M to $1.8M. Total assets increased by 23.9% over the same period, from $1.1M to $1.4M. Total functional expenses fell by 39.4%, from $2.2M to $1.3M. In its most recent filing year (2023), Friends Program Inc reported a surplus of $494K, with revenue exceeding expenses. The organization holds $186K in liabilities against $1.4M in assets (debt-to-asset ratio: 13.2%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $1.3M | $1.4M | $186K | — | View 990 |
| 2022 | $1.1M | $1.2M | $768K | $67K | — | View 990 |
| 2021 | $1.4M | $1.4M | $939K | $77K | — | View 990 |
| 2020 | $1.4M | $1.4M | $948K | $207K | — | View 990 |
| 2019 | $1.4M | $1.5M | $808K | $90K | — | View 990 |
| 2018 | $1.5M | $1.6M | $909K | $76K | — | View 990 |
| 2017 | $1.7M | $1.5M | $982K | $73K | — | View 990 |
| 2016 | $1.7M | $1.7M | $927K | $127K | — | View 990 |
| 2015 | $1.6M | $1.8M | $966K | $165K | — | View 990 |
| 2014 | $1.7M | $1.8M | $1.1M | $169K | — | View 990 |
| 2013 | $1.8M | $1.9M | $1.1M | $155K | — | View 990 |
| 2012 | $1.8M | $1.8M | $1.2M | $310K | — | View 990 |
| 2011 | $2.0M | $2.2M | $1.1M | $325K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $1.3M, and assets of $1.4M (revenue +64.7% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.2M, and assets of $768K (revenue -23.3% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.4M, and assets of $939K (revenue +1.4% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.4M, and assets of $948K (revenue -1.2% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.5M, and assets of $808K (revenue -3.6% year-over-year).
- 2018: Revenue of $1.5M, expenses of $1.6M, and assets of $909K (revenue -12.6% year-over-year).
- 2017: Revenue of $1.7M, expenses of $1.5M, and assets of $982K (revenue -0.9% year-over-year).
- 2016: Revenue of $1.7M, expenses of $1.7M, and assets of $927K (revenue +5.0% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.8M, and assets of $966K (revenue -4.8% year-over-year).
- 2014: Revenue of $1.7M, expenses of $1.8M, and assets of $1.1M (revenue -6.0% year-over-year).
- 2013: Revenue of $1.8M, expenses of $1.9M, and assets of $1.1M (revenue +0.5% year-over-year).
- 2012: Revenue of $1.8M, expenses of $1.8M, and assets of $1.2M (revenue -10.4% year-over-year).
- 2011: Revenue of $2.0M, expenses of $2.2M, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Program Inc:
Data Sources and Methodology
This transparency report for Friends Program 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.