Friendship House North Two Inc

Analysis

Friendship House North Two Inc is a registered charity in United States, based in W Lafayette, IN. It received its IRS tax-exemption ruling in March 1996, 30 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 June 2024, Friendship House North Two Inc reported income of $401k and spending of $605k, spending 151% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $341k to $401k (+18%), an average of +4.2% a year. Over the whole period it spent 136% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Friendship House North Two Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within IN. Charities of a similar size with the same main cause include Family Apartments ($401k), Mock Place Inc ($401k) and Bleeding Disorders Association of South Carolina ($401k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 19% and program service revenue 77% of the total. Other salaries and wages came to $216k. At year end it held assets of $1.4m against liabilities of $3.2m, net assets of -$1.8m. It reported 8 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.