Friends Center City Retirement Community

Analysis

Friends Center City Retirement Community is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in March 2005, 21 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Friends Center City Retirement Community reported income of $94k and spending of $91k, spending 97% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $92k to $94k (+1.7%), an average of +1.7% a year. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Friends Center City Retirement Community sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 33rd percentile within PA. Charities of a similar size with the same main cause include House of Peace Ministries ($94k), Portage Homes for Elderly Inc ($94k) and Tse Koo Housing Corporation ($94k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 41% and program service revenue 48% of the total. At year end it held assets of $135k against liabilities of $0, net assets of $135k.