Friendly Village Inc

Analysis

Friendly Village Inc is a registered charity in United States, based in Hagerstown, MD. It received its IRS tax-exemption ruling in January 1981, 45 years ago. 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, Friendly Village Inc reported income of $177k and spending of $151k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $108k to $177k (+64%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friendly Village Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within MD. Charities of a similar size with the same main cause include Quaker Earthcare Witness ($177k), American College of Physicians ($177k) and University of Washington Retirement Association ($177k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $605k against liabilities of $0, net assets of $605k.