Friendly House Inc

Analysis

Friendly House Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in May 1952, 74 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 June 2023, Friendly House Inc reported income of $9.1m and spending of $8.6m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.1m to $9.1m (+0.1%), an average of +0.0% a year. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friendly House Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within AZ. Charities of a similar size with the same main cause include Community Service Council of Greater Tulsa ($9.1m), Apple Patch Community Inc ($9.1m) and Risen Son Christian Village Inc ($9.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 60% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $126k (1.5% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $8.1m against liabilities of $756k, net assets of $7.3m. It reported 115 employees.