Friendly House of Davenport Iowa

Analysis

Friendly House of Davenport Iowa is a registered charity in United States, based in Davenport, IA. It received its IRS tax-exemption ruling in June 1941, 85 years ago. 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 June 2024, Friendly House of Davenport Iowa reported income of $2.7m and spending of $2.8m, spending 104% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.0m to $2.7m (+35%), an average of +7.8% a year. The sharpest change came in the year to June 2021, when income rose by 27%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friendly House of Davenport Iowa sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within IA. Charities of a similar size with the same main cause include Brooks Rehabilitation Clinical Research Center Inc ($2.7m), Salt Lake Arts Council Foundation ($2.7m) and Cochise Private Industry Council ($2.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 83% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $109k (3.9% of expenses). Other salaries and wages came to $513k. At year end it held assets of $3.2m against liabilities of $184k, net assets of $3.0m. It reported 41 employees.