Friendship Village of South County

Analysis

Friendship Village of South County is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in June 1980, 46 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Friendship Village of South County reported income of $47.2m and spending of $59.3m, spending 126% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $38.3m to $47.2m (+23%), an average of +5.4% a year. The sharpest change came in the year to June 2021, when income rose by 22%. Over the whole period it spent 115% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friendship Village of South County sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within MO. Charities of a similar size with the same main cause include Food Bank of Iowa ($47.2m), Ena Incorporated ($47.2m) and Life Care Ponte Vedra Inc ($47.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $558k (0.9% of expenses). Other salaries and wages came to $18.4m. At year end it held assets of $281.2m against liabilities of $285.9m, net assets of -$4.7m. It reported 735 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.