Friends Alliance Housing Inc

Analysis

Friends Alliance Housing Inc is a registered charity in United States, based in Gretna, LA. It received its IRS tax-exemption ruling in July 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Friends Alliance Housing Inc reported income of $61k and spending of $64k, spending 106% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $98k to $61k (-38%), an average of -38% a year. The sharpest change came in the year to June 2023, when income dropped by 38%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends Alliance Housing Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 24th percentile within LA. Charities of a similar size with the same main cause include Destin Womens Club Incorporated ($61k), South Ukiah Rotary Foundation ($61k) and KR Global Foundation ($61k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 41% and program service revenue 59% of the total. At year end it held assets of $215k against liabilities of $360k, net assets of -$144k.