Friendship Haven Inc

Analysis

Friendship Haven Inc is a registered charity in United States, based in Fort Dodge, IA. It received its IRS tax-exemption ruling in July 1951, 75 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 (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 Haven Inc reported income of $25.4m and spending of $24.1m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $20.7m to $25.4m (+23%), an average of +5.3% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Friendship Haven Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IA. Charities of a similar size with the same main cause include Boise Housing Corporation ($25.4m), Mission Action Inc ($25.5m) and San Diego Rescue Mission Inc ($25.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.3% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $375k (1.6% of expenses). Other salaries and wages came to $12.2m. At year end it held assets of $52.8m against liabilities of $42.7m, net assets of $10.1m. It reported 553 employees.