Friendship Home Association

Analysis

Friendship Home Association is a registered charity in United States, based in Audubon, IA. It received its IRS tax-exemption ruling in November 1959, 67 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 Home Association reported income of $5.0m and spending of $5.4m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.7m to $5.0m (+35%), an average of +7.8% a year. The sharpest change came in the year to December 2021, when income rose by 16%. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Friendship Home Association 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 92nd percentile, and in the 93rd percentile within IA. Charities of a similar size with the same main cause include Heartland Counseling Services Inc ($5.0m), Naesm Inc ($5.0m) and Primary Connection Health Care Inc ($5.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.0% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $92k (1.7% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $4.9m against liabilities of $3.6m, net assets of $1.2m. It reported 87 employees.