Friendship Fund Inc Tr
Friendship Fund Inc Tr shows inconsistent annual revenue and expenses, maintaining a substantial asset base with no reported officer compensation.
EIN: 136045127 · Washington, DC · Updated: 2026-03-28
Is Friendship Fund Inc Tr Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friendship Fund Inc Tr directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friendship Fund Inc Tr
Friendship Fund Inc Tr (EIN: 136045127) is a nonprofit organization based in Washington, DC. The organization reported total revenue of $1.5M and total assets of $4.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friendship Fund Inc Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friendship Fund Inc Tr is a mid-size nonprofit that has been operating for 126 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -11.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $108K |
| Total Expenses | $187K |
| Surplus / Deficit | $-79,185 |
| Total Assets | $4.5M |
| Total Liabilities | $3K |
| Net Assets | $4.5M |
| Operating Margin | -73.2% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 285.7 months |
Financial Health Grade: B
In 2023, Friendship Fund Inc Tr reported a deficit of $79K with expenses exceeding revenue, holds 285.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Friendship Fund Inc Tr's revenue has declined at a compound annual growth rate (CAGR) of -11.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -50.5% | +641.7% | -1.7% |
| 2022 | +7.7% | -83.6% | +4.2% |
| 2021 | -64.6% | -14.3% | +1.1% |
| 2020 | +469.5% | -47.9% | +15.2% |
| 2019 | -67.4% | -59.1% | -16.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1900 |
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 Fund Inc Tr with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Friendship Fund Inc Tr allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. 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 deficit of $79K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either unpaid or compensated through other means not categorized as officer compensation, which is a positive sign for minimizing overhead at the executive level relative to its asset size of over $4 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 Friendship Fund Inc Tr's IRS 990 filings:
- Inconsistent revenue generation, with significant year-over-year fluctuations (e.g., $572,101 in 2020 vs. $108,180 in 2023).
- Expenses frequently exceeding revenue, as seen in 2023 ($187,365 expenses vs. $108,180 revenue) and 2019 ($344,659 expenses vs. $100,453 revenue), potentially indicating reliance on asset drawdowns.
- Lack of specific NTEE code and detailed expense breakdown in the summary data limits full understanding of programmatic focus and operational efficiency.
- Significant liabilities reported in 2023 ($2,737) compared to previous years where liabilities were minimal or zero, warranting further scrutiny.
Strengths
The following positive indicators were identified for Friendship Fund Inc Tr:
- Maintains a substantial and stable asset base, consistently above $3.7 million, providing financial resilience.
- Consistent filing of IRS 990 forms, indicating good compliance and transparency in reporting.
- No reported officer compensation across all filings, suggesting a potentially volunteer-led or very lean executive structure.
- Demonstrated ability to generate significant revenue in certain years, such as $572,101 in 2020.
Frequently Asked Questions about Friendship Fund Inc Tr
Is Friendship Fund Inc Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Friendship Fund Inc Tr (EIN: 136045127) some concerns. Mission Score: 70/100. 4 red flags identified, 4 strengths noted.
How does Friendship Fund Inc Tr spend its money?
Friendship Fund Inc Tr directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friendship Fund Inc Tr tax-deductible?
Friendship Fund Inc Tr is registered as a tax-exempt nonprofit (EIN: 136045127). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the primary purpose or mission of Friendship Fund Inc Tr, given its NTEE code is unknown?
Without a specified NTEE code or detailed program descriptions in the provided data, the exact mission of Friendship Fund Inc Tr remains unclear. Its financial patterns suggest it may operate as a grant-making foundation or a fund supporting specific causes.
How does Friendship Fund Inc Tr manage to sustain its operations when expenses frequently exceed revenue?
The organization likely draws upon its substantial asset base, which has consistently been above $3.7 million, to cover operational deficits in years where expenses exceed revenue, such as in 2023 and 2019. This suggests an endowment-based funding model.
What are the specific categories of expenses that constitute the majority of its spending?
The provided data only gives total expenses. A detailed breakdown of program, administrative, and fundraising expenses is not available, making it difficult to determine specific spending categories.
Why is there no officer compensation reported across all filings?
The consistent reporting of 0% officer compensation suggests that the organization's officers may be volunteers, or their compensation is categorized differently within the IRS 990, or the organization has a very lean, unpaid leadership structure.
What caused the significant revenue increase in 2020 to $572,101 and the subsequent drop in 2023 to $108,180?
The data does not provide specific reasons for these fluctuations. Such changes could be due to large one-time donations, investment gains/losses, or changes in funding strategies. Further investigation into the detailed 990 forms would be needed.
Filing History
IRS 990 filing history for Friendship Fund Inc Tr showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Friendship Fund Inc Tr's revenue has declined by 76.5%, moving from $460K to $108K. Total assets decreased by 20.1% over the same period, from $5.6M to $4.5M. Total functional expenses fell by 65.5%, from $543K to $187K. In its most recent filing year (2023), Friendship Fund Inc Tr reported a deficit of $79K, with expenses exceeding revenue. The organization holds $3K in liabilities against $4.5M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $4.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $108K | $187K | $4.5M | $3K | — | View 990 |
| 2022 | $218K | $25K | $4.5M | $1 | — | View 990 |
| 2021 | $203K | $154K | $4.4M | $1 | — | View 990 |
| 2020 | $572K | $179K | $4.3M | $1 | — | — |
| 2019 | $100K | $345K | $3.7M | $-174,739 | — | — |
| 2015 | $308K | $842K | $4.5M | $1 | — | View 990 |
| 2014 | $507K | $684K | $5.0M | $0 | — | View 990 |
| 2013 | $352K | $504K | $5.2M | $0 | — | View 990 |
| 2012 | $482K | $694K | $5.4M | $22K | — | View 990 |
| 2011 | $460K | $543K | $5.6M | $17K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $108K, expenses of $187K, and assets of $4.5M (revenue -50.5% year-over-year).
- 2022: Revenue of $218K, expenses of $25K, and assets of $4.5M (revenue +7.7% year-over-year).
- 2021: Revenue of $203K, expenses of $154K, and assets of $4.4M (revenue -64.6% year-over-year).
- 2020: Revenue of $572K, expenses of $179K, and assets of $4.3M (revenue +469.5% year-over-year).
- 2019: Revenue of $100K, expenses of $345K, and assets of $3.7M (revenue -67.4% year-over-year).
- 2015: Revenue of $308K, expenses of $842K, and assets of $4.5M (revenue -39.3% year-over-year).
- 2014: Revenue of $507K, expenses of $684K, and assets of $5.0M (revenue +43.9% year-over-year).
- 2013: Revenue of $352K, expenses of $504K, and assets of $5.2M (revenue -26.9% year-over-year).
- 2012: Revenue of $482K, expenses of $694K, and assets of $5.4M (revenue +4.7% year-over-year).
- 2011: Revenue of $460K, expenses of $543K, and assets of $5.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friendship Fund Inc Tr:
Data Sources and Methodology
This transparency report for Friendship Fund Inc Tr 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.