Friendship Village Foundation

Analysis

Friendship Village Foundation is a registered charity in United States, based in Waterloo, IA. It received its IRS tax-exemption ruling in March 1987, 39 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Friendship Village Foundation reported income of $128k and spending of $293k, spending 229% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $153k to $128k (-16%), an average of -5.7% a year. The sharpest change came in the year to June 2021, when income rose by 89%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friendship Village Foundation sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 43rd percentile within IA. Charities of a similar size with the same main cause include Evangelism in Action Inc ($128k), Pajaro Valley Childrens Center ($128k) and Community Women Vital Voices Inc ($128k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% and program service revenue 3.0% of the total. At year end it held assets of $794k against liabilities of $38k, net assets of $757k.