Mental Health & Crisis Intervention
(F600)
IRS Verified
DX Registered
990 on File
FAMILIES REACHING INTO EACH NEW DAY INC
Financial strength (30%)
75/100
Reliability (20%)
55/100
Effectiveness (25%)
78/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
FRIENDS WAY is the only child and family bereavement center in Rhode Island and Southeastern Massachusetts. Our mission is to provide a haven for healing and hope to children and families mourning the death of a loved one. FRIENDS WAY provides peer-based support groups for children and families and a specialized camp experience for grieving children and teens. In addition, because experts validate the need for having support available in schools and age-appropriate bereavement support tools for educators (Brock, Lazurus & Jimerson, 2002), FRIENDS WAY provides crisis counseling, consultation and other trainings in community and school settings.
Financial Overview — FY 2024
$262K
Total Revenue
$236K
Total Expenses
$479K
Net Assets
0
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
88.0%
Fundraising Efficiency
N/A
Operating Reserve
24.35x
Liability-to-Asset
30.0%
Revenue Diversification
118.9%
Executive Compensation
$0
Compared with Peers
FY 2024
Compared with 2,597 similar organizations
(United States, Mental Health & Crisis Intervention, $100K–$1M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
88.0% | 84.9% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
12.0% | 12.0% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
24.4 mo | 5.7 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
30.0% | 3.9% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
118.9% | 95.9% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
-19.9% | 8.2% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-12.1% | 10.1% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
9.9% | 2.3% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $262K | $236K | $479K | 88.0% | 0 |
| 2023 | $327K | $269K | $454K | 90.4% | 0 |
| 2022 | $324K | $258K | $397K | 88.0% | 0 |
| 2021 | $261K | $224K | N/A | — | 0 |
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