Friendship Manor Corporation

Analysis

Friendship Manor Corporation is a registered charity in United States, based in Salt Lake City, UT. It received its IRS tax-exemption ruling in October 1965, 61 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Friendship Manor Corporation reported income of $2.6m and spending of $2.1m, spending 81% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.5m to $2.6m (+3.8%), an average of +0.9% a year. Over the whole period it spent 84% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Friendship Manor Corporation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within UT. Charities of a similar size with the same main cause include Mercy House Chdo Inc ($2.6m), Sequoia Affordable Housing Foundation ($2.6m) and New Point Acquisitions Inc ($2.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 37% and program service revenue 63% of the total. Other salaries and wages came to $673k. At year end it held assets of $4.5m against liabilities of $3.3m, net assets of $1.2m. It reported 26 employees.