Friendship Village of West County

Analysis

Friendship Village of West County is a registered charity in United States, based in Chesterfield, MO. It received its IRS tax-exemption ruling in November 1974, 52 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Friendship Village of West County reported income of $35.5m and spending of $47.3m, spending 133% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $25.2m to $35.5m (+41%), an average of +8.9% a year. The sharpest change came in the year to June 2022, when income rose by 18%. Over the whole period it spent 121% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friendship Village of West County sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MO. Charities of a similar size with the same main cause include Beatitudes Campus of Care ($35.5m), Catholic Charities of the Diocese of Santa Rosa ($35.5m) and Saint Johns Communities Inc ($35.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $564k (1.2% of expenses). Other salaries and wages came to $14.7m. At year end it held assets of $175.4m against liabilities of $249.4m, net assets of -$74.0m. It reported 515 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.