Friendly Door Inc

Analysis

Friendly Door Inc is a registered charity in United States, based in Iowa Park, TX. It received its IRS tax-exemption ruling in November 1979, 47 years ago. 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 September 2023, Friendly Door Inc reported income of $375k and spending of $396k, spending 106% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $294k to $375k (+28%), an average of +6.3% a year. The sharpest change came in the year to September 2020, when income rose by 34%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friendly Door Inc sits at the 64th percentile: it is larger than about 64% 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 Washington County Fair Association ($375k), American Society of Andrology ($375k) and Little League Baseball Inc ($375k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $55k (14% of expenses). Other salaries and wages came to $96k. At year end it held assets of $408k against liabilities of $1,308, net assets of $406k. It reported 12 employees.