Friendly Harbor

Analysis

Friendly Harbor is a registered charity in United States, based in Pueblo, CO. It received its IRS tax-exemption ruling in December 2013, 13 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, Friendly Harbor reported income of $493k and spending of $453k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $228k to $493k (+116%), an average of +21% a year. The sharpest change came in the year to December 2022, when income rose by 56%. 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, Friendly Harbor 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 70th percentile, and in the 67th percentile within CO. Charities of a similar size with the same main cause include Pilots for Patients ($493k), Hospeace House Inc ($493k) and Friends of Estacada Community Center Inc ($493k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $57k (13% of expenses). Other salaries and wages came to $286k. At year end it held assets of $427k against liabilities of $4,277, net assets of $422k. It reported 16 employees.