Friendship House Apartments Inc

Analysis

Friendship House Apartments Inc is a registered charity in United States, based in Park Hills, MO. It received its IRS tax-exemption ruling in September 2015, 11 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 September 2023, Friendship House Apartments Inc reported income of $111k and spending of $146k, spending 131% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $97k to $111k (+14%), an average of +3.3% a year. The sharpest change came in the year to September 2022, when income rose by 18%. Over the whole period it spent 129% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Friendship House Apartments Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 37th percentile within MO. Charities of a similar size with the same main cause include Friendship Community Living North C Entral Inc ($111k), Restart Housing Services ($111k) and The Haven ($111k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 93% of the total. Other salaries and wages came to $8,968. At year end it held assets of $1.6m against liabilities of $21k, net assets of $1.6m.

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.