Friendly House Inc

Analysis

Friendly House Inc is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in January 1936, 90 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Friendly House Inc reported income of $10.2m and spending of $9.0m, spending 88% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $5.4m to $10.2m (+90%), an average of +17% a year. The sharpest change came in the year to June 2023, when income rose by 34%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friendly House Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include Community Resource Center ($10.2m), Jenkins Living Center Inc ($10.2m) and Symbral Foundation for Community Services Inc ($10.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 17% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $406k (4.5% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $5.5m against liabilities of $902k, net assets of $4.6m. It reported 129 employees.