Friends House Retirement Community Inc

Analysis

Friends House Retirement Community Inc is a registered charity in United States, based in Sandy Spring, MD. It received its IRS tax-exemption ruling in April 1969, 57 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 June 2023, Friends House Retirement Community Inc reported income of $14.3m and spending of $16.0m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.7m to $14.3m (+23%), an average of +5.2% a year. The sharpest change came in the year to June 2022, when income rose by 21%. Over the whole period it spent 106% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Friends House Retirement Community Inc 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 96th percentile, and in the 95th percentile within MD. Charities of a similar size with the same main cause include South Shore Health Express Inc ($14.3m), Ibn Sina Foundation Inc ($14.3m) and Central Counties Health Centers Inc ($14.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.3% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $414k (2.6% of expenses). Other salaries and wages came to $5.8m. At year end it held assets of $50.2m against liabilities of $37.8m, net assets of $12.5m. It reported 210 employees.