Friendship House III Inc

Analysis

Friendship House III Inc is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in August 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Friendship House III Inc reported income of $3.1m and spending of $2.4m, leaving 22% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income fell from $3.2m to $3.1m (-0.6%), an average of -0.2% a year. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Friendship House III Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Coney Island Site Nine Houses Inc ($3.1m), Bolinas Community Land Trust Inc ($3.1m) and Non-Profit Housing Association of Northern California ($3.1m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 61% and program service revenue 38% of the total. At year end it held assets of $9.5m against liabilities of $10.1m, net assets of -$652k.