Friendship House Inc

Analysis

Friendship House Inc is a registered charity in United States, based in W Lafayette, IN. It received its IRS tax-exemption ruling in January 1979, 47 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 House Inc reported income of $1.6m and spending of $91k, leaving 94% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.3m to $1.6m (+25%), an average of +7.8% a year. The sharpest change came in the year to June 2022, when income dropped by 100%. Over the whole period it spent 15% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Friendship House Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within IN. Charities of a similar size with the same main cause include York Area Development Corporation ($1.6m), Harry and Jeanette Weinberg Gardens Housing Development Fund Company I ($1.6m) and Shorefront Towers Housing Development Fund Corporation ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 4.4% of the total. Other salaries and wages came to $25k. At year end it held assets of $15.2m against liabilities of $18k, net assets of $15.1m.