Friendship Home of Lincoln

Analysis

Friendship Home of Lincoln is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in November 1984, 42 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, Friendship Home of Lincoln reported income of $4.1m and spending of $3.9m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.5m to $4.1m (+16%), an average of +3.7% a year. The sharpest change came in the year to December 2021, when income rose by 17%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friendship Home of Lincoln sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within NE. Charities of a similar size with the same main cause include Comprehensive Youth Development Inc ($4.1m), Center for Hope and Safety Inc ($4.1m) and Northside Neighborhood House ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $208k (5.4% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $6.9m against liabilities of $362k, net assets of $6.5m. It reported 52 employees.