Friendship House Corporation

Analysis

Friendship House Corporation is a registered charity in United States, based in Boca Raton, FL. It received its IRS tax-exemption ruling in May 2020, 6 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 Corporation reported income of $81k and spending of $117k, spending 145% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $69k to $81k (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 117% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friendship House Corporation sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 35th percentile within FL. Charities of a similar size with the same main cause include Victory Kids Inc ($81k), Friends of the Overlook House ($81k) and Alliance of Sustainable Farms ($81k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% of the total. Compensation of current officers, directors and key employees was $61k (53% of expenses). Other salaries and wages came to $6,168. At year end it held assets of $465 against liabilities of $22k, net assets of -$22k. It reported 2 employees.