Friendship Hill Inc

Analysis

Friendship Hill Inc is a registered charity in United States, based in Lovington, IL. It received its IRS tax-exemption ruling in January 1980, 46 years ago. 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 Hill Inc reported income of $920k and spending of $856k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $695k to $920k (+32%), an average of +7.3% a year. The sharpest change came in the year to December 2021, when income rose by 84%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friendship Hill Inc sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within IL. Charities of a similar size with the same main cause include Jamestown College Foundation Inc ($920k), Oasis International ($920k) and Cleveland Urban Minority Alcoholism Drug Abuse Outreach Project ($920k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $82k (9.6% of expenses). Other salaries and wages came to $338k. At year end it held assets of $2.3m against liabilities of $1.3m, net assets of $942k. It reported 20 employees.