Friendship Manor Inc

Analysis

Friendship Manor Inc is a registered charity in United States, based in Rock Island, IL. It received its IRS tax-exemption ruling in July 1979, 47 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 December 2023, Friendship Manor Inc reported income of $19.7m and spending of $20.1m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $17.2m to $19.7m (+14%), an average of +3.4% a year. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friendship Manor 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 97th percentile within IL. Charities of a similar size with the same main cause include Galveston County Food Bank ($19.7m), Mactown Inc ($19.7m) and Community Mainstreaming Associates Inc ($19.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.7% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $499k (2.5% of expenses). Other salaries and wages came to $10.7m. At year end it held assets of $22.5m against liabilities of $16.2m, net assets of $6.3m. It reported 416 employees.