My Friends House Foundation

Analysis

My Friends House Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, My Friends House Foundation reported income of $127k and spending of $141k, spending 111% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $144k to $127k (-12%), an average of -6.0% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, My Friends House 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 45th percentile within CA. Charities of a similar size with the same main cause include Puerto Seguro Inc ($127k), North Central Washington Community Toy Drive ($127k) and Warriors on Wheels of Metropolitan Detroit ($127k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $48k against liabilities of $0, net assets of $48k.