Friendship Center Inc

Analysis

Friendship Center Inc is a registered charity in United States, based in Hackettstown, NJ. It received its IRS tax-exemption ruling in December 1992, 34 years ago. 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 June 2024, Friendship Center Inc reported income of $593k and spending of $652k, spending 110% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $568k to $593k (+4.5%), an average of +0.9% a year. The sharpest change came in the year to June 2020, when income dropped by 31%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friendship Center Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within NJ. Charities of a similar size with the same main cause include Community Fund of Bronxville Eastchester Tuckahoe Inc ($593k), Lincoln Arts Council ($593k) and Fuller Center for Housing Macon Jackson NC ($593k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 101% of the total. Compensation of current officers, directors and key employees was $93k (14% of expenses). Other salaries and wages came to $360k. At year end it held assets of $725k against liabilities of $326k, net assets of $399k. It reported 29 employees.