The Friendship Foundation
Only null% goes to programs Strong reserves Declining revenue
The Friendship Foundation is a 501(c)(3) organization based in Redondo Beach, California, registered in 2007, with $2,525,715 in FY2023 revenue. CharityIndex grades it B.
2108 Vail Ave, Redondo Beach, CA, 90278 EIN 20-8575157 Since 2007
Revenue (FY2023)
$2.5M
▲ 1.2% vs prior year
Human Services median: $293K
Expenses (FY2023)
$1.2M
Net assets
$5.3M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for The Friendship Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating51 mo reserves · +51% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For The Friendship Foundation: 51 mo reserves · +51% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for The Friendship Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For The Friendship Foundation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 2108 Vail Ave, Redondo Beach, CA, 90278
- City
- Redondo Beach
- State
- California
- Category
- Human Services
- Subcategory
- Services for Specific Populations
- Website
- …
Financial trends
Revenue grew from $1.1M (FY2013) to $2.5M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $3.1MNet assets $5.3M
Operating margin
50.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$8.4M
Total liabilities
$3.1M
Net assets
$5.3M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $2,525,715▲1.2% | $1,247,797▼65.1% | $5,321,235▲33.6% | $8,371,757▲21.3% | 990 |
| 2022 | $2,494,844▼64.6% | $3,575,348▼25.6% | $3,982,891▼82.8% | $6,898,974▼70.3% | 990 |
| 2021 | $7,048,650▼57.7% | $4,804,007▲41.7% | $23,159,019▲10.4% | $23,218,143▲10.0% | 990 |
| 2020 | $16,675,270▲1026% | $3,389,191▲363% | $20,982,769▲175% | $21,103,861▲169% | 990 |
| 2019 | $1,480,671▼56.5% | $732,250▼15.0% | $7,635,317▲24.4% | $7,851,991▲26.1% | 990 |
| 2018 | $3,400,010▲161% | $861,611▲14.7% | $6,140,155▲78.9% | $6,225,443▲79.0% | 990 |
| 2017 | $1,301,205▼0.9% | $750,874▼1.3% | $3,432,562▲19.1% | $3,477,569▲19.7% | 990 |
| 2016 | $1,313,160▲9.9% | $760,602▲9.2% | $2,882,231▲23.7% | $2,904,905▲23.9% | 990 |
| 2015 | $1,194,463▲34.4% | $696,362▲18.6% | $2,329,673▲17.5% | $2,344,718▲18.2% | 990 |
| 2014 | $888,839▼19.0% | $587,101▼7.1% | $1,983,156▲17.9% | $1,983,156▲17.9% | 990 |
| 2013 | $1,097,293 | $631,868▲1.0% | $1,681,418▲38.3% | $1,681,418▲38.3% | 990 |
| 2012 | — | $625,535▲14.1% | $1,215,993▲26.0% | $1,215,993▲26.0% | 990 |
| 2011 | — | $548,136▲4.7% | $964,830▲41.4% | $964,830▲41.4% | 990 |
| 2010 | — | $523,313▲33.9% | $682,306▲77.7% | $682,306▲77.7% | 990 |
| 2009 | — | $390,774 | $384,058 | $384,058 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $934K total
19 grants to The Friendship Foundation totaling $934K, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Network For Good Inc | Unrestricted | 2024 | $170,581 |
| Jewish Community Fdn of the Jewish Federation Council of Greater La | General support | 2024 | $20,350 |
| American Online Giving Foundation Inc | General support | 2024 | $17,384 |
| California Community Foundation | Health | 2023 | $105,000 |
| Network For Good Inc | Unrestricted | 2023 | $69,331 |
| Raymond James Charitable Endowment Fund | General support | 2023 | $58,000 |
| The Chicago Community Trust | General support for programs, operations and other charitable purposes | 2023 | $20,000 |
| American Online Giving Foundation Inc | General support | 2023 | $17,268 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Community & human services | 2023 | $7,500 |
| Network For Good Inc | Unrestricted | 2022 | $179,225 |
| California Community Foundation | Health | 2022 | $100,000 |
| The Chicago Community Trust | General operating support | 2022 | $20,000 |
| Network For Good Inc | Unrestricted | 2021 | $71,031 |
| The Chicago Community Trust | General operating support | 2021 | $15,000 |
| The Chicago Community Trust | General operating support | 2021 | $15,000 |
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Frequently asked questions
- Is The Friendship Foundation a legitimate nonprofit?
- Yes. The Friendship Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 20-8575157, based in Redondo Beach, California. Donations are tax-deductible.
- What is The Friendship Foundation's EIN?
- The Friendship Foundation's Employer Identification Number (EIN) is 20-8575157.
- How much revenue does The Friendship Foundation report?
- The Friendship Foundation reported $2,525,715 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does The Friendship Foundation have?
- CharityIndex grades The Friendship Foundation B, based on financial health (reserves and operating margin).
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Data for The Friendship Foundation (EIN 20-8575157) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.