Friendship Family Homes

Analysis

Friendship Family Homes is a registered charity in United States, based in MC Bain, MI. It received its IRS tax-exemption ruling in January 1989, 37 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 Family Homes reported income of $327k and spending of $301k, spending 92% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $202k to $327k (+62%), an average of +27% a year. The sharpest change came in the year to December 2022, when income rose by 37%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friendship Family Homes sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within MI. Charities of a similar size with the same main cause include Daily Work ($327k), Love Takes Root ($327k) and Million Little ($327k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 21% of the total. Other salaries and wages came to $226k. At year end it held assets of $255k against liabilities of $7,496, net assets of $248k.