The Friendly Kitchen Inc

Analysis

The Friendly Kitchen Inc is a registered charity in United States, based in Concord, NH. It received its IRS tax-exemption ruling in September 1982, 44 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, The Friendly Kitchen Inc reported income of $796k and spending of $781k, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $529k to $796k (+50%), an average of +11% a year. The sharpest change came in the year to September 2021, when income rose by 28%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Friendly Kitchen Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within NH. Charities of a similar size with the same main cause include Monteverde School Inc ($796k), Houses of Light LLC ($796k) and New Detroit Inc ($796k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $98k (13% of expenses). Other salaries and wages came to $158k. At year end it held assets of $2.1m against liabilities of $14k, net assets of $2.1m. It reported 17 employees.