Friendly Inn Settlement Inc

Analysis

Friendly Inn Settlement Inc is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in March 1965, 61 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Friendly Inn Settlement Inc reported income of $1.8m and spending of $2.1m, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.8m to $1.8m (-37%), an average of -11% a year. The sharpest change came in the year to December 2022, when income dropped by 36%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friendly Inn Settlement Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within OH. Charities of a similar size with the same main cause include Milk River Inc ($1.8m), F I S H Food Pantry ($1.8m) and Arc-San Joaquin ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $120k (5.6% of expenses). Other salaries and wages came to $954k. At year end it held assets of $4.9m against liabilities of $412k, net assets of $4.4m. It reported 42 employees.