Friendship Hall Inc

Analysis

Friendship Hall Inc is a registered charity in United States, based in Montgomery, AL. It received its IRS tax-exemption ruling in May 1988, 38 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Friendship Hall Inc reported income of $134k and spending of $187k, spending 140% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income fell from $136k to $134k (-1.2%), an average of -1.2% a year. Over the whole period it spent 129% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Friendship Hall Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 44th percentile within AL. Charities of a similar size with the same main cause include Whalley Avenue Housing II Inc ($134k), Community Homebuyers Inc ($134k) and Door Step Project ($134k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $301k against liabilities of $598k, net assets of -$298k.