Friendship Circle Of Greater Fort Lauderdale
EIN: 264240600 · Ft Lauderdale, FL · NTEE: B90
| Metric | Value |
|---|---|
| Total Revenue | $759K |
| Total Expenses | $720K |
| Net Assets | $8K |
Is Friendship Circle Of Greater Fort Lauderdale Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Friendship Circle Of Greater Fort Lauderdale
Friendship Circle Of Greater Fort Lauderdale (EIN: 264240600) is a nonprofit organization based in Ft Lauderdale, FL, classified under NTEE code B90. The organization reported total revenue of $759K and total assets of $630K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friendship Circle Of Greater Fort Lauderdale's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friendship Circle Of Greater Fort Lauderdale is a small nonprofit that has been operating for 16 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 25.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $779K |
| Total Expenses | $720K |
| Surplus / Deficit | +$59K |
| Total Assets | $507K |
| Total Liabilities | $499K |
| Net Assets | $8K |
| Operating Margin | 7.5% |
| Debt-to-Asset Ratio | 98.4% |
| Months of Reserves | 8.4 months |
Financial Health Grade: A
In 2023, Friendship Circle Of Greater Fort Lauderdale reported a surplus of $59K with revenue exceeding expenses, holds 8.4 months of operating reserves (strong position), has a debt-to-asset ratio of 98.4% (high leverage).
Financial Trends
Over 4 years of filings (2020–2023), Friendship Circle Of Greater Fort Lauderdale's revenue has grown at a compound annual growth rate (CAGR) of 25.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +47.5% | +25.2% | +57.2% |
| 2022 | +37.1% | +36.1% | +22.0% |
| 2021 | -1.2% | +8.1% | +40.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Friendship Circle Of Greater Fort Lauderdale 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 Circle Of Greater Fort Lauderdale 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $59K, with revenue exceeding expenses.
- Debt-to-asset ratio: 98.4%.
Frequently Asked Questions about Friendship Circle Of Greater Fort Lauderdale
Is Friendship Circle Of Greater Fort Lauderdale a legitimate charity?
Friendship Circle Of Greater Fort Lauderdale (EIN: 264240600) is a registered tax-exempt nonprofit based in Florida. It has 4 years of IRS 990 filings on record. Total revenue: $759K. No red flags identified. Financial health grade: A.
How does Friendship Circle Of Greater Fort Lauderdale spend its money?
Friendship Circle Of Greater Fort Lauderdale reported $759K in total revenue in IRS 990 filings. 4 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Friendship Circle Of Greater Fort Lauderdale tax-deductible?
Friendship Circle Of Greater Fort Lauderdale is registered as a tax-exempt nonprofit (EIN: 264240600). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Friendship Circle Of Greater Fort Lauderdale located?
Friendship Circle Of Greater Fort Lauderdale is headquartered in Ft Lauderdale, Florida and files with the IRS under EIN 264240600. It is classified under NTEE code B90.
How many years of IRS 990 filings does Friendship Circle Of Greater Fort Lauderdale have?
Friendship Circle Of Greater Fort Lauderdale has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $759K in total revenue.
Filing History
IRS 990 filing history for Friendship Circle Of Greater Fort Lauderdale showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Friendship Circle Of Greater Fort Lauderdale's revenue has grown by 99.7%, moving from $390K to $779K. Total assets increased by 169.9% over the same period, from $188K to $507K. Total functional expenses rose by 84.2%, from $391K to $720K. In its most recent filing year (2023), Friendship Circle Of Greater Fort Lauderdale reported a surplus of $59K, with revenue exceeding expenses. The organization holds $499K in liabilities against $507K in assets (debt-to-asset ratio: 98.4%), resulting in net assets of $8K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $779K | $720K | $507K | $499K | — | — |
| 2022 | $528K | $575K | $323K | $373K | — | View 990 |
| 2021 | $385K | $423K | $264K | $268K | — | View 990 |
| 2020 | $390K | $391K | $188K | $154K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $779K, expenses of $720K, and assets of $507K (revenue +47.5% year-over-year).
- 2022: Revenue of $528K, expenses of $575K, and assets of $323K (revenue +37.1% year-over-year).
- 2021: Revenue of $385K, expenses of $423K, and assets of $264K (revenue -1.2% year-over-year).
- 2020: Revenue of $390K, expenses of $391K, and assets of $188K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friendship Circle Of Greater Fort Lauderdale:
Data Sources and Methodology
This transparency report for Friendship Circle Of Greater Fort Lauderdale 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.