Friendly Acres Inc

Analysis

Friendly Acres Inc is a registered charity in United States, based in Edna, TX. It received its IRS tax-exemption ruling in October 1983, 43 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 December 2023, Friendly Acres Inc reported income of $378k and spending of $152k, leaving 60% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $153k to $378k (+147%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 527%. Over the whole period it spent 89% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Friendly Acres Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 70th percentile within TX. Charities of a similar size with the same main cause include George J Leake Housing Inc ($378k), Housing Trust Placer Inc ($378k) and Heart of Iowa Regional Housing Trust Fund ($378k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 14% of the total. At year end it held assets of $996k against liabilities of $212k, net assets of $785k.