Friendship Circle Of Cleveland Inc
Friendship Circle Of Cleveland Inc shows consistent growth and strong financial health with no reported officer compensation.
EIN: 208848426 · Cleveland, OH · NTEE: X30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $1.8M |
| Program Spending | 90% |
| Net Assets | $876K |
| Transparency Score | 92/100 |
Is Friendship Circle Of Cleveland Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friendship Circle Of Cleveland Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friendship Circle Of Cleveland Inc
Friendship Circle Of Cleveland Inc (EIN: 208848426) is a nonprofit organization based in Cleveland, OH, classified under NTEE code X30. The organization reported total revenue of $1.8M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friendship Circle Of Cleveland Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friendship Circle Of Cleveland Inc is a mid-size nonprofit that has been operating for 19 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 8.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $1.8M |
| Surplus / Deficit | $-39,113 |
| Total Assets | $1.1M |
| Total Liabilities | $205K |
| Net Assets | $876K |
| Operating Margin | -2.3% |
| Debt-to-Asset Ratio | 19.0% |
| Months of Reserves | 7.4 months |
Financial Health Grade: B
In 2023, Friendship Circle Of Cleveland Inc reported a deficit of $39K with expenses exceeding revenue, holds 7.4 months of operating reserves (strong position), has a debt-to-asset ratio of 19.0% (very low leverage).
Financial Trends
Over 8 years of filings (2016–2023), Friendship Circle Of Cleveland Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.6% | +13.7% | -13.0% |
| 2022 | +78.2% | +71.3% | +56.7% |
| 2021 | +0.4% | -16.8% | +20.0% |
| 2020 | -19.7% | -10.7% | -6.8% |
| 2019 | +15.7% | +22.0% | +14.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Friendship Circle Of Cleveland Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Friendship Circle Of Cleveland Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $39K, with expenses exceeding revenue.
- Debt-to-asset ratio: 19.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is a significant positive for a nonprofit of its size, suggesting a high dedication of resources directly to its mission rather than administrative overhead.
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.
Strengths
The following positive indicators were identified for Friendship Circle Of Cleveland Inc:
- Consistent revenue growth from $898,203 in 2017 to $1,719,306 in 2023.
- Zero reported officer compensation across all filings, indicating high program focus.
- Healthy asset base, growing from $499,180 in 2017 to $1,080,621 in 2023.
- Strong asset-to-liability ratio, demonstrating financial stability.
- Consistent filing of IRS Form 990s, indicating good transparency.
Frequently Asked Questions about Friendship Circle Of Cleveland Inc
Is Friendship Circle Of Cleveland Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Friendship Circle Of Cleveland Inc (EIN: 208848426) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Friendship Circle Of Cleveland Inc spend its money?
Friendship Circle Of Cleveland Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friendship Circle Of Cleveland Inc tax-deductible?
Friendship Circle Of Cleveland Inc is registered as a tax-exempt nonprofit (EIN: 208848426). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Friendship Circle Of Cleveland Inc's spending goes to programs?
Friendship Circle Of Cleveland Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Friendship Circle Of Cleveland Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Friendship Circle Of Cleveland Inc is above average for NTEE category X30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Friendship Circle Of Cleveland Inc located?
Friendship Circle Of Cleveland Inc is headquartered in Cleveland, Ohio and files with the IRS under EIN 208848426. It is classified under NTEE code X30.
How many years of IRS 990 filings does Friendship Circle Of Cleveland Inc have?
Friendship Circle Of Cleveland Inc has 8 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 $1.8M in total revenue.
Is Friendship Circle Of Cleveland Inc a good charity?
Based on the financial data, Friendship Circle Of Cleveland Inc appears to be a very good charity. It demonstrates strong financial health, consistent growth, and a notable commitment to its mission by reporting 0% officer compensation across all filings, ensuring more funds are directed to programs.
How has the organization's revenue trended over time?
The organization's revenue has shown a strong upward trend, growing from $898,203 in 2017 to $1,719,306 in 2023, indicating increasing support and operational scale.
What is the organization's asset-to-liability ratio?
In 2023, the organization had assets of $1,080,621 and liabilities of $204,891, resulting in an asset-to-liability ratio of approximately 5.27:1, which is a healthy indicator of financial stability.
Filing History
IRS 990 filing history for Friendship Circle Of Cleveland Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Friendship Circle Of Cleveland Inc's revenue has grown by 74.5%, moving from $985K to $1.7M. Total assets increased by 121.2% over the same period, from $489K to $1.1M. Total functional expenses rose by 94.3%, from $905K to $1.8M. In its most recent filing year (2023), Friendship Circle Of Cleveland Inc reported a deficit of $39K, with expenses exceeding revenue. The organization holds $205K in liabilities against $1.1M in assets (debt-to-asset ratio: 19.0%), resulting in net assets of $876K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $1.8M | $1.1M | $205K | — | — |
| 2022 | $1.9M | $1.5M | $1.2M | $127K | — | View 990 |
| 2021 | $1.1M | $903K | $793K | $150K | — | View 990 |
| 2020 | $1.1M | $1.1M | $661K | $170K | — | — |
| 2019 | $1.3M | $1.2M | $709K | $185K | — | — |
| 2018 | $1.1M | $995K | $621K | $191K | — | View 990 |
| 2017 | $898K | $875K | $499K | $206K | — | View 990 |
| 2016 | $985K | $905K | $489K | $219K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $1.8M, and assets of $1.1M (revenue -8.6% year-over-year).
- 2022: Revenue of $1.9M, expenses of $1.5M, and assets of $1.2M (revenue +78.2% year-over-year).
- 2021: Revenue of $1.1M, expenses of $903K, and assets of $793K (revenue +0.4% year-over-year).
- 2020: Revenue of $1.1M, expenses of $1.1M, and assets of $661K (revenue -19.7% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.2M, and assets of $709K (revenue +15.7% year-over-year).
- 2018: Revenue of $1.1M, expenses of $995K, and assets of $621K (revenue +26.0% year-over-year).
- 2017: Revenue of $898K, expenses of $875K, and assets of $499K (revenue -8.9% year-over-year).
- 2016: Revenue of $985K, expenses of $905K, and assets of $489K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friendship Circle Of Cleveland Inc:
Data Sources and Methodology
This transparency report for Friendship Circle Of Cleveland 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.