Friendship II Co

Analysis

Friendship II Co is a registered charity in United States, based in Boise, ID. It received its IRS tax-exemption ruling in June 2008, 18 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Friendship II Co reported income of $279k and spending of $265k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $165k to $279k (+70%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 115% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Friendship II Co sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 63rd percentile within ID. Charities of a similar size with the same main cause include Northwest Charities ($279k), Bassett Park Housing Inc ($279k) and St Lukes Senior Housing Inc ($279k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 55% of the total. Other salaries and wages came to $55k. At year end it held assets of $1.5m against liabilities of $26k, net assets of $1.5m.