Friends of Residents in Long Term Care

Analysis

Friends of Residents in Long Term Care is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in December 1987, 39 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, Friends of Residents in Long Term Care reported income of $60k and spending of $60k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $107k to $60k (-44%), an average of -44% a year. The sharpest change came in the year to December 2023, when income dropped by 44%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Residents in Long Term Care sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 22nd percentile within NC. Charities of a similar size with the same main cause include Greenville Area Economic Development Corporation ($60k), Hope House of Cherokee County Inc ($60k) and Limestone Project Employees Fund Inc ($60k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 25% of the total. At year end it held assets of $97k against liabilities of $0, net assets of $97k.