Friends in Need Inc Health Center

Analysis

Friends in Need Inc Health Center is a registered charity in United States, based in Kingsport, TN. It received its IRS tax-exemption ruling in October 1994, 32 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 in Need Inc Health Center reported income of $1.8m and spending of $1.7m, spending 93% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $721k to $1.8m (+148%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 67%. Over the whole period it spent 106% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Friends in Need Inc Health Center sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within TN. Charities of a similar size with the same main cause include Aishel Avraham Residential Health Facility Inc ($1.8m), Alabama Institute for Deaf and Blind Foundation Inc ($1.8m) and SVH Real Estate Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 9.7% of the total. Other salaries and wages came to $612k. At year end it held assets of $489k against liabilities of $265k, net assets of $224k. It reported 21 employees.