Our Friends Place

Analysis

Our Friends Place is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in May 1986, 40 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 December 2023, Our Friends Place reported income of $1.4m and spending of $1.3m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $942k to $1.4m (+49%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 21%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Our Friends Place sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 86th percentile within TX. Charities of a similar size with the same main cause include Sturgis Library ($1.4m), Onstage Ogden ($1.4m) and Hillel the Foundation for Jewish Campus Life ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 106% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $126k (9.9% of expenses). Other salaries and wages came to $517k. At year end it held assets of $3.5m against liabilities of $277k, net assets of $3.2m. It reported 11 employees.