Friendship Village of Tempe Foundation Inc

Analysis

Friendship Village of Tempe Foundation Inc is a registered charity in United States, based in Tempe, AZ. It received its IRS tax-exemption ruling in September 1987, 39 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friendship Village of Tempe Foundation Inc reported income of $351k and spending of $200k, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $305k to $351k (+15%), an average of +3.6% a year. The sharpest change came in the year to December 2023, when income rose by 150%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friendship Village of Tempe Foundation Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within AZ. Charities of a similar size with the same main cause include Samaritan Health Clinic of Pickens County ($351k), White County Economic Development Organization Inc ($351k) and Southwest Housing Development Corp ($351k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% of the total. At year end it held assets of $4.6m against liabilities of $0, net assets of $4.6m.