Friendly Institution of the City of Burlington

Analysis

Friendly Institution of the City of Burlington is a registered charity in United States, based in Burlington, NJ. It received its IRS tax-exemption ruling in March 1952, 74 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friendly Institution of the City of Burlington reported income of $60k and spending of $105k, spending 176% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $147k to $60k (-59%), an average of -16% a year. The sharpest change came in the year to December 2020, when income dropped by 56%. Over the whole period it spent 128% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friendly Institution of the City of Burlington sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 31st percentile within NJ. Charities of a similar size with the same main cause include New England Fuel Institute Education Foundation Inc ($60k), Road Runners Club of America ($60k) and National Ambucs Inc ($60k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.5% of the total. Compensation of current officers, directors and key employees was $4,155 (4.0% of expenses). Other salaries and wages came to $44k. At year end it held assets of $4.1m against liabilities of $0, net assets of $4.1m. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.