Friendship Adult Day Services Inc

Analysis

Friendship Adult Day Services Inc is a registered charity in United States, based in Burlington, NC. It received its IRS tax-exemption ruling in October 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 June 2023, Friendship Adult Day Services Inc reported income of $244k and spending of $250k, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $223k to $244k (+9.2%), an average of +2.2% a year. The sharpest change came in the year to June 2023, when income rose by 127%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friendship Adult Day Services Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within NC. Charities of a similar size with the same main cause include Communication Advocacy Network Corp ($244k), Pathfinders Justice Initiative Incorporated ($244k) and Lasalle Early Childhood Center Inc ($244k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 6.2% of the total. Compensation of current officers, directors and key employees was $52k (21% of expenses). Other salaries and wages came to $104k. At year end it held assets of $27k against liabilities of $18k, net assets of $8,623. It reported 8 employees.