Friendship Center Inc
EIN: 223181583 · Hackettstown, NJ
| Metric | Value |
|---|---|
| Total Revenue | $640K |
| Total Expenses | $652K |
| Net Assets | $399K |
Is Friendship Center Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Friendship Center Inc
Friendship Center Inc (EIN: 223181583) is a nonprofit organization based in Hackettstown, NJ. The organization reported total revenue of $640K and total assets of $689K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friendship Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friendship Center Inc is a small nonprofit that has been operating for 34 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 2.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $593K |
| Total Expenses | $652K |
| Surplus / Deficit | $-58,485 |
| Total Assets | $725K |
| Total Liabilities | $326K |
| Net Assets | $399K |
| Operating Margin | -9.9% |
| Debt-to-Asset Ratio | 45.0% |
| Months of Reserves | 13.3 months |
Financial Health Grade: B
In 2024, Friendship Center Inc reported a deficit of $58K with expenses exceeding revenue, holds 13.3 months of operating reserves (strong position), has a debt-to-asset ratio of 45.0% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2024), Friendship Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -10.9% | +2.4% | -4.6% |
| 2023 | +15.0% | +15.3% | +3.5% |
| 2022 | +26.3% | +11.5% | -11.9% |
| 2021 | +16.6% | +17.5% | +9.5% |
| 2020 | -30.8% | -18.7% | -4.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1992 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Friendship Center Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Friendship Center Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $58K, with expenses exceeding revenue.
- Debt-to-asset ratio: 45.0%.
Frequently Asked Questions about Friendship Center Inc
Is Friendship Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Friendship Center Inc (EIN: 223181583) insufficient data. 0 red flags identified, 0 strengths noted.
How does Friendship Center Inc spend its money?
Detailed spending breakdown data is not yet available for Friendship Center Inc. Check back for updated IRS 990 analysis.
Are donations to Friendship Center Inc tax-deductible?
Friendship Center Inc is registered as a tax-exempt nonprofit (EIN: 223181583). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Friendship Center Inc located?
Friendship Center Inc is headquartered in Hackettstown, New Jersey and files with the IRS under EIN 223181583.
How many years of IRS 990 filings does Friendship Center Inc have?
Friendship Center Inc has 14 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 $640K in total revenue.
Filing History
IRS 990 filing history for Friendship Center Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Friendship Center Inc's revenue has grown by 37.7%, moving from $431K to $593K. Total assets increased by 15.5% over the same period, from $627K to $725K. Total functional expenses rose by 53%, from $426K to $652K. In its most recent filing year (2024), Friendship Center Inc reported a deficit of $58K, with expenses exceeding revenue. The organization holds $326K in liabilities against $725K in assets (debt-to-asset ratio: 45.0%), resulting in net assets of $399K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $593K | $652K | $725K | $326K | — | — |
| 2023 | $666K | $636K | $760K | $331K | — | View 990 |
| 2022 | $579K | $552K | $734K | $346K | — | View 990 |
| 2021 | $458K | $495K | $833K | $425K | — | View 990 |
| 2020 | $393K | $421K | $761K | $389K | — | View 990 |
| 2019 | $568K | $518K | $798K | $365K | — | View 990 |
| 2018 | $506K | $490K | $744K | $367K | — | View 990 |
| 2017 | $485K | $447K | $720K | $368K | — | View 990 |
| 2016 | $472K | $454K | $690K | $366K | — | View 990 |
| 2015 | $439K | $455K | $663K | $367K | — | View 990 |
| 2014 | $455K | $456K | $699K | $367K | — | View 990 |
| 2013 | $456K | $447K | $682K | $379K | — | View 990 |
| 2012 | $437K | $418K | $655K | $387K | — | View 990 |
| 2011 | $431K | $426K | $627K | $395K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $593K, expenses of $652K, and assets of $725K (revenue -10.9% year-over-year).
- 2023: Revenue of $666K, expenses of $636K, and assets of $760K (revenue +15.0% year-over-year).
- 2022: Revenue of $579K, expenses of $552K, and assets of $734K (revenue +26.3% year-over-year).
- 2021: Revenue of $458K, expenses of $495K, and assets of $833K (revenue +16.6% year-over-year).
- 2020: Revenue of $393K, expenses of $421K, and assets of $761K (revenue -30.8% year-over-year).
- 2019: Revenue of $568K, expenses of $518K, and assets of $798K (revenue +12.4% year-over-year).
- 2018: Revenue of $506K, expenses of $490K, and assets of $744K (revenue +4.3% year-over-year).
- 2017: Revenue of $485K, expenses of $447K, and assets of $720K (revenue +2.7% year-over-year).
- 2016: Revenue of $472K, expenses of $454K, and assets of $690K (revenue +7.6% year-over-year).
- 2015: Revenue of $439K, expenses of $455K, and assets of $663K (revenue -3.6% year-over-year).
- 2014: Revenue of $455K, expenses of $456K, and assets of $699K (revenue -0.2% year-over-year).
- 2013: Revenue of $456K, expenses of $447K, and assets of $682K (revenue +4.3% year-over-year).
- 2012: Revenue of $437K, expenses of $418K, and assets of $655K (revenue +1.5% year-over-year).
- 2011: Revenue of $431K, expenses of $426K, and assets of $627K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friendship Center Inc:
Data Sources and Methodology
This transparency report for Friendship Center 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.