Friends Boarding Home

Analysis

Friends Boarding Home is a registered charity in United States, based in Kennett SQ, PA. It received its IRS tax-exemption ruling in December 1947, 79 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 December 2023, Friends Boarding Home reported income of $5.9m and spending of $5.7m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.3m to $5.9m (+36%), an average of +8.0% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends Boarding Home sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within PA. Charities of a similar size with the same main cause include Relief Nursery Inc ($5.9m), Employee and Family Resources Inc ($5.9m) and Habitat for Humanity of Elkhart County ($5.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $142k (2.5% of expenses). Other salaries and wages came to $3.3m. It paid $58k in professional fundraising fees. At year end it held assets of $13.2m against liabilities of $424k, net assets of $12.8m. It reported 148 employees.