Friendship House Roanoke Inc

Analysis

Friendship House Roanoke Inc is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Friendship House Roanoke Inc reported income of $321k and spending of $292k, spending 91% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $419k to $321k (-23%), an average of -12% a year. The sharpest change came in the year to December 2022, when income dropped by 46%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friendship House Roanoke Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within VA. Charities of a similar size with the same main cause include Women in Community Services Inc ($321k), Fun in the Son ($321k) and LA Posada Inc ($321k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $60k (21% of expenses). Other salaries and wages came to $147k. It paid $1,493 in professional fundraising fees. At year end it held assets of $713k against liabilities of $5,268, net assets of $708k. It reported 8 employees.