Friendship Mission
Friendship Mission's assets have significantly declined while operating with recurring deficits in recent years.
EIN: 203445702 · Kenai, AK · NTEE: L41 · Updated: 2026-03-28
Is Friendship Mission Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friendship Mission directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friendship Mission
Friendship Mission (EIN: 203445702) is a nonprofit organization based in Kenai, AK, classified under NTEE code L41. The organization reported total revenue of $117K and total assets of $6K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friendship Mission's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friendship Mission is a small nonprofit that has been operating for 20 years, with 11 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 0.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $71K |
| Total Expenses | $47K |
| Surplus / Deficit | +$24K |
| Total Assets | $1 |
| Net Assets | $1 |
| Operating Margin | 33.3% |
| Months of Reserves | 0.0 months |
Financial Health Grade: A
In 2024, Friendship Mission reported a surplus of $24K with revenue exceeding expenses, holds 0.0 months of operating reserves (limited).
Financial Trends
Over 11 years of filings (2012–2024), Friendship Mission's revenue has grown at a compound annual growth rate (CAGR) of 0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -18.2% | -58.5% | — |
| 2023 | -27.5% | -15.5% | — |
| 2022 | +10.0% | +8.8% | — |
| 2021 | +126.5% | +73.7% | — |
| 2018 | -27.1% | -1.1% | -100.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Mission with a Mission Score of 65 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Friendship Mission allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $24K, with revenue exceeding expenses.
Executive Compensation Analysis
Friendship Mission consistently reports 0% officer compensation across all available filings, indicating a volunteer-led or very lean executive structure, which is highly efficient for a small organization.
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 Mission's IRS 990 filings:
- Significant and consistent decline in assets from $702,921 in 2017 to $5,863 currently.
- Multiple recent periods (202306, 202206, 202106) show expenses exceeding revenue, indicating deficit spending.
- Small and fluctuating revenue base, making long-term financial stability potentially challenging.
Strengths
The following positive indicators were identified for Friendship Mission:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds for leadership.
- No reported liabilities across all filing periods, suggesting responsible debt management.
- Consistent filing of IRS Form 990s demonstrates regulatory compliance and transparency.
Frequently Asked Questions about Friendship Mission
Is Friendship Mission a legitimate charity?
Based on AI analysis of IRS 990 filings, Friendship Mission (EIN: 203445702) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Friendship Mission spend its money?
Friendship Mission directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friendship Mission tax-deductible?
Friendship Mission is registered as a tax-exempt nonprofit (EIN: 203445702). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the significant decrease in Friendship Mission's assets from $702,921 in 2017 to $5,863 currently?
The provided data does not specify the reason for the asset decline. It could be due to asset sales, depreciation, or significant expenditures not covered by revenue.
How does Friendship Mission cover its expenses when revenue is less than expenses, as seen in multiple recent periods (e.g., 202306, 202206)?
When expenses exceed revenue, organizations typically draw from reserves (assets) or rely on prior period surpluses. The declining asset base suggests they have been using reserves to cover these deficits.
What specific programs does Friendship Mission operate, and how are funds allocated among them?
The provided IRS 990 summary data does not detail specific programs or their individual funding allocations. Further investigation into their full 990 forms or website would be needed.
Filing History
IRS 990 filing history for Friendship Mission showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2012–2024), Friendship Mission's revenue has grown by 10.9%, moving from $64K to $71K. Total assets decreased by 100% over the same period, from $81K to $1. Total functional expenses rose by 4.9%, from $45K to $47K. In its most recent filing year (2024), Friendship Mission reported a surplus of $24K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $71K | $47K | $1 | $0 | — | — |
| 2023 | $86K | $114K | $0 | $0 | — | View 990 |
| 2022 | $119K | $134K | $0 | $0 | — | View 990 |
| 2021 | $108K | $123K | $0 | $0 | — | — |
| 2018 | $48K | $71K | $0 | $0 | — | — |
| 2017 | $66K | $72K | $703K | $0 | — | View 990 |
| 2016 | $79K | $64K | $653K | $0 | — | View 990 |
| 2015 | $101K | $46K | $176K | $0 | — | View 990 |
| 2014 | $77K | $46K | $121K | $0 | — | View 990 |
| 2013 | $56K | $47K | $90K | $0 | — | View 990 |
| 2012 | $64K | $45K | $81K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $71K, expenses of $47K, and assets of $1 (revenue -18.2% year-over-year).
- 2023: Revenue of $86K, expenses of $114K, and assets of $0 (revenue -27.5% year-over-year).
- 2022: Revenue of $119K, expenses of $134K, and assets of $0 (revenue +10.0% year-over-year).
- 2021: Revenue of $108K, expenses of $123K, and assets of $0 (revenue +126.5% year-over-year).
- 2018: Revenue of $48K, expenses of $71K, and assets of $0 (revenue -27.1% year-over-year).
- 2017: Revenue of $66K, expenses of $72K, and assets of $703K (revenue -17.0% year-over-year).
- 2016: Revenue of $79K, expenses of $64K, and assets of $653K (revenue -21.6% year-over-year).
- 2015: Revenue of $101K, expenses of $46K, and assets of $176K (revenue +31.0% year-over-year).
- 2014: Revenue of $77K, expenses of $46K, and assets of $121K (revenue +36.8% year-over-year).
- 2013: Revenue of $56K, expenses of $47K, and assets of $90K (revenue -11.7% year-over-year).
- 2012: Revenue of $64K, expenses of $45K, and assets of $81K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friendship Mission:
Data Sources and Methodology
This transparency report for Friendship Mission 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.