Friends Home Association of New York

Analysis

Friends Home Association of New York is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2017, 9 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends Home Association of New York reported income of $599k and spending of $490k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $501k to $599k (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2023, when income rose by 15%. Over the whole period it spent 89% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Friends Home Association of New York sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Bluewater Covenant Bible Camp ($599k), Bride Ministries Inc ($600k) and Firm Foundation in Christ Ministries Inc ($599k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.8% and program service revenue 86% of the total. Other salaries and wages came to $159k. At year end it held assets of $1.5m against liabilities of $243k, net assets of $1.2m. It reported 10 employees.