Friendship Public Charter School: $146.9M Revenue, $109.4M Program Expenses

On the LakeQuality nonprofit efficiency rubric, Friendship Public Charter School pulls an A — the highest available grade. The 86/100 composite reflects a combination of program-focused spending, controlled overhead, and the kind of multi-year financial discipline that grant-makers look for.

Friendship Public Charter School is a large nonprofit by U.S. standards: $146.9M in 2023 revenue against $140.2M in expenses. Organizations in this revenue bracket usually run multiple programs with permanent staff and a meaningful endowment or reserve. Friendship Public Charter School directs 80% of its expenses to programs — above the third-party-rater threshold for an efficient organization.

Revenue has grown meaningfully across the five-year filing history — a sign of expanding donor base, new grants, or scaling programs. Friendship Public Charter School reported $146.9M in 2023, up notably from the start of the window. CEO compensation is reported as zero in the filing — typical for nonprofits where the chief executive is paid through a related entity (parent system, university, or foundation) rather than the filing organization itself, or for small organizations whose chief is a volunteer or board member. In the Education category, Friendship Public Charter School sits alongside universities, K-12 systems, scholarship funds, and education-research organizations. Education-sector nonprofits often hold large endowments, which affects how the reserves-and-revenue ratios should be read.