Friendship Village of Columbus Ohio Inc

Analysis

Friendship Village of Columbus Ohio Inc is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in February 1977, 49 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 Columbus Ohio Inc reported income of $23.4m and spending of $21.9m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $18.4m to $23.4m (+27%), an average of +6.3% a year. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friendship Village of Columbus Ohio Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within OH. Charities of a similar size with the same main cause include Louisville Urban League ($23.4m), Residential Services of Northeastern Minnesota Inc ($23.4m) and Yuma Community Food Bank ($23.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $327k (1.5% of expenses). Other salaries and wages came to $7.8m. At year end it held assets of $28.1m against liabilities of $31.8m, net assets of -$3.7m. It reported 468 employees.