Friends Life Community

Analysis

Friends Life Community is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in November 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Friends Life Community reported income of $1.4m and spending of $1.5m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $904k to $1.4m (+59%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends Life Community sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within TN. Charities of a similar size with the same main cause include Mercy House of the Southern Tier Inc ($1.4m), Abc Toon Town II Educational Center ($1.4m) and Mississippi Coalition Against Sexual Assault Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $107k (7.3% of expenses). Other salaries and wages came to $825k. At year end it held assets of $1.8m against liabilities of $104k, net assets of $1.7m. It reported 32 employees.