Charity Search / FRIENDS OF FORMAN CHRISTIAN COLLEGE INC
Education (B114) 990 on File

FRIENDS OF FORMAN CHRISTIAN COLLEGE INC

EIN: 54-2090435 · ATLANTA, GA 30305-1202 · United States · FY 2024 Data
3 out of 5 58 / 100 Based on 2+ years of filings
Financial strength (30%) 88/100
Reliability (20%) 55/100
Effectiveness (25%) 81/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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Financial Overview — FY 2024
$2.5M
Total Revenue
$2.8M
Total Expenses
$2.9M
Net Assets
5
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 78.3%
Fundraising Efficiency N/A
Operating Reserve 12.48x
Liability-to-Asset 50.7%
Revenue Diversification 95.6%
Executive Compensation $522K
Compared with Peers
FY 2024
Compared with 7,551 similar organizations (United States, Education, $1M–$10M 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
78.3% 84.5%
P10P90
Below median
Admin expense ratio
Management and general / total expenses · lower is better
8.5% 12.8%
P10P90
Above median
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
13.3% 0.0%
P10P90
Bottom quarter
Operating reserve
Months of expenses covered by net assets · higher is better
12.5 mo 9.0 mo
P10P90
Above median
Liabilities to assets
Total liabilities / total assets · lower is better
50.7% 18.6%
P10P90
Below median
Revenue concentration
Share of revenue from the largest source · lower is better
95.6% 89.9%
P10P90
Below median
Revenue growth
Year over year revenue growth
28.6% 7.7%
P10P90
Expense growth
Year over year expense growth
0.4% 8.7%
P10P90
Surplus margin
Surplus as a share of revenue
-10.5% 2.9%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $2.5M $2.8M $2.9M 78.3% 5
2023 $1.9M $2.8M $3.0M 78.7% 6
2022 $2.5M $2.5M N/A 5
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Organization Details
EIN
54-2090435
State
GA
City
ATLANTA
ZIP
30305-1202
Classification
B114
Category
Education
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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