The Friendship Foundation
The Friendship Foundation experienced a significant revenue decline and operated at a deficit in its latest fiscal period.
EIN: 208575157 · Redondo Beach, CA · NTEE: P81 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.6M |
| Total Expenses | $3.6M |
| Program Spending | 80% |
| Net Assets | $4.0M |
| Transparency Score | 75/100 |
Search Intent Cockpit
The Friendship Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals
The Friendship Foundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around The Friendship Foundation in one place.
Form 990 Filing Summary
14 filing years are available, with latest revenue of $2.5M and expenses of $3.6M.
Revenue and Expenses
The Friendship Foundation reported $2.5M in revenue and $3.6M in expenses, a deficit of $1.1M.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
75/100 mission score, 3 red flags, and 3 strengths are shown from structured and AI review.
Is The Friendship Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $2.9M (80%) |
Across stored filings, The Friendship Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 3 red flags identified |
| Mission spend | 80% to programs | Excellent |
| Financial durability | Grade B | 14 stored filing years |
| Peer context | Compare with Butte County Fire Safe Council | California and Human Services context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
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Local and Sector Spokes
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Redondo Beach, CA nonprofitsHuman Services in California
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Keep the Investigation Moving
The Friendship Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Friendship Foundation
The Friendship Foundation (EIN: 208575157) is a nonprofit organization based in Redondo Beach, CA, classified under NTEE code P81. The organization reported total revenue of $2.6M and total assets of $8.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Friendship Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Friendship Foundation is a mid-size nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.5M |
| Total Expenses | $3.6M |
| Surplus / Deficit | $-1,080,504 |
| Total Assets | $6.9M |
| Total Liabilities | $2.9M |
| Net Assets | $4.0M |
| Operating Margin | -43.3% |
| Debt-to-Asset Ratio | 42.3% |
| Months of Reserves | 23.2 months |
Financial Health Grade: B
In 2023, The Friendship Foundation reported a deficit of $1.1M with expenses exceeding revenue, holds 23.2 months of operating reserves (strong position), has a debt-to-asset ratio of 42.3% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2023), The Friendship Foundation's revenue has grown at a compound annual growth rate (CAGR) of 12.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -64.6% | -25.6% | -70.3% |
| 2022 | -57.7% | +41.7% | +10.0% |
| 2021 | +1026.2% | +362.8% | +168.8% |
| 2020 | -56.5% | -15.0% | +26.1% |
| 2019 | +161.3% | +14.7% | +79.0% |
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 The Friendship Foundation with a Mission Score of 75 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, The Friendship Foundation allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. 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 $1.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 42.3%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers received compensation, which is highly favorable for donor trust and efficient use of funds.
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 The Friendship Foundation's IRS 990 filings:
- Significant deficit spending in the latest fiscal period (2023 expenses $3,575,348 exceeded revenue $2,494,844).
- Large year-over-year fluctuations in revenue, from $16.6M in 2021 to $2.4M in 2023, indicating potential instability in funding.
- Substantial increase in liabilities from $59,124 in 2022 to $2,916,083 in 2023, which could signal new financial obligations or debt.
Strengths
The following positive indicators were identified for The Friendship Foundation:
- Consistent reporting of 0% officer compensation across all available filings, indicating strong financial stewardship at the executive level.
- History of significant asset growth, peaking at over $23 million in 2022, demonstrating capacity for substantial financial resources.
- Long filing history (14 filings), suggesting established operations and compliance with IRS reporting requirements.
Frequently Asked Questions about The Friendship Foundation
Is The Friendship Foundation a legitimate charity?
The Friendship Foundation (EIN: 208575157) is a registered tax-exempt nonprofit based in California. Our AI analysis gives it a Mission Score of 75/100. It has 14 years of IRS 990 filings on record. Total revenue: $2.6M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does The Friendship Foundation spend its money?
The Friendship Foundation directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to The Friendship Foundation tax-deductible?
The Friendship Foundation is registered as a tax-exempt nonprofit (EIN: 208575157). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Friendship Foundation's spending goes to programs?
The Friendship Foundation directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Friendship Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), The Friendship Foundation is above average for NTEE category P81 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Friendship Foundation located?
The Friendship Foundation is headquartered in Redondo Beach, California and files with the IRS under EIN 208575157. It is classified under NTEE code P81.
How many years of IRS 990 filings does The Friendship Foundation have?
The Friendship Foundation 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 $2.6M in total revenue.
Is The Friendship Foundation a good charity?
The Friendship Foundation demonstrates strong points like 0% officer compensation, suggesting efficient use of funds at the executive level. However, the recent deficit spending in 2023 ($2,494,844 revenue vs. $3,575,348 expenses) and significant fluctuations in revenue and assets warrant further investigation into their financial stability and operational strategy.
Why did The Friendship Foundation's revenue drop so sharply in 2023?
The revenue for The Friendship Foundation decreased from $7,048,650 in 2022 to $2,494,844 in 2023. This significant drop of over 64% would require reviewing their full IRS 990 filing for explanations, such as changes in grant funding, major donations, or fundraising activities.
What caused the large increase in liabilities in 2023?
Liabilities increased from $59,124 in 2022 to $2,916,083 in 2023. This substantial increase suggests new debt, deferred revenue, or other obligations that would need to be detailed in the organization's financial statements to understand its nature and impact.
Filing History
IRS 990 filing history for The Friendship Foundation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), The Friendship Foundation's revenue has grown by 311.7%, moving from $606K to $2.5M. Total assets increased by 911.1% over the same period, from $682K to $6.9M. Total functional expenses rose by 1061.9%, from $308K to $3.6M. In its most recent filing year (2023), The Friendship Foundation reported a deficit of $1.1M, with expenses exceeding revenue. The organization holds $2.9M in liabilities against $6.9M in assets (debt-to-asset ratio: 42.3%), resulting in net assets of $4.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.5M | $3.6M | $6.9M | $2.9M | — | — |
| 2022 | $7.0M | $4.8M | $23.2M | $59K | — | — |
| 2021 | $16.7M | $3.4M | $21.1M | $121K | — | View 990 |
| 2020 | $1.5M | $732K | $7.9M | $217K | — | View 990 |
| 2019 | $3.4M | $862K | $6.2M | $85K | — | View 990 |
| 2018 | $1.3M | $751K | $3.5M | $45K | — | View 990 |
| 2017 | $1.3M | $761K | $2.9M | $23K | — | View 990 |
| 2016 | $1.2M | $696K | $2.3M | $15K | — | View 990 |
| 2015 | $73K | $224K | $1.8M | $0 | — | View 990 |
| 2015 | $889K | $587K | $2.0M | $0 | — | View 990 |
| 2014 | $1.1M | $632K | $1.7M | $0 | — | View 990 |
| 2013 | $877K | $626K | $1.2M | $0 | — | View 990 |
| 2012 | $831K | $548K | $965K | $0 | — | View 990 |
| 2011 | $606K | $308K | $682K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.5M, expenses of $3.6M, and assets of $6.9M (revenue -64.6% year-over-year).
- 2022: Revenue of $7.0M, expenses of $4.8M, and assets of $23.2M (revenue -57.7% year-over-year).
- 2021: Revenue of $16.7M, expenses of $3.4M, and assets of $21.1M (revenue +1026.2% year-over-year).
- 2020: Revenue of $1.5M, expenses of $732K, and assets of $7.9M (revenue -56.5% year-over-year).
- 2019: Revenue of $3.4M, expenses of $862K, and assets of $6.2M (revenue +161.3% year-over-year).
- 2018: Revenue of $1.3M, expenses of $751K, and assets of $3.5M (revenue -0.9% year-over-year).
- 2017: Revenue of $1.3M, expenses of $761K, and assets of $2.9M (revenue +9.9% year-over-year).
- 2016: Revenue of $1.2M, expenses of $696K, and assets of $2.3M (revenue +1541.8% year-over-year).
- 2015: Revenue of $73K, expenses of $224K, and assets of $1.8M (revenue -91.8% year-over-year).
- 2015: Revenue of $889K, expenses of $587K, and assets of $2.0M (revenue -19.0% year-over-year).
- 2014: Revenue of $1.1M, expenses of $632K, and assets of $1.7M (revenue +25.2% year-over-year).
- 2013: Revenue of $877K, expenses of $626K, and assets of $1.2M (revenue +5.5% year-over-year).
- 2012: Revenue of $831K, expenses of $548K, and assets of $965K (revenue +37.1% year-over-year).
- 2011: Revenue of $606K, expenses of $308K, and assets of $682K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Friendship Foundation:
Data Sources and Methodology
This transparency report for The Friendship Foundation 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.