Friendship Community Care Inc

Analysis

Friendship Community Care Inc is a registered charity in United States, based in Russellville, AR. It received its IRS tax-exemption ruling in June 1975, 51 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Friendship Community Care Inc reported income of $49.8m and spending of $51.2m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $40.9m to $49.8m (+22%), an average of +5.0% a year. The sharpest change came in the year to June 2021, when income rose by 16%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Friendship Community Care Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within AR. Charities of a similar size with the same main cause include Goodwill Industries of Central Oklahoma Inc ($49.7m), Accion Opportunity Fund Community Development ($50.5m) and Black Hills Works Inc ($49.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 85% of the total. Other salaries and wages came to $33.5m. At year end it held assets of $33.7m against liabilities of $7.6m, net assets of $26.1m. It reported 1,693 employees.