Friendly Heights Apts Inc

Analysis

Friendly Heights Apts Inc is a registered charity in United States, based in Stanberry, MO. It received its IRS tax-exemption ruling in November 2002, 24 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, Friendly Heights Apts Inc reported income of $98k and spending of $88k, spending 90% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $68k to $98k (+44%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 110% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Friendly Heights Apts Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 34th percentile within MO. Charities of a similar size with the same main cause include United Native American Housing Association ($98k), Southeast Affordable Preservation Inc ($98k) and Rubus Incorporated ($98k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $117k against liabilities of $413k, net assets of -$296k.