Friendship Home Foundation

Analysis

Friendship Home Foundation is a registered charity in United States, based in Audubon, IA. It received its IRS tax-exemption ruling in July 2011, 15 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friendship Home Foundation reported income of $101k and spending of $81k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $98k to $101k (+3.1%), an average of +0.8% a year. The sharpest change came in the year to December 2021, when income rose by 533%. Over the whole period it spent 110% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friendship Home Foundation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within IA. Charities of a similar size with the same main cause include National Charity League Buckhead Prospective Chapter ($101k), Waltham Lions Charitable Foundation Inc ($101k) and TJ and Friends Foundation Inc ($101k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $244k against liabilities of $0, net assets of $244k.