Friendly House Inc

Analysis

Friendly House Inc is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in August 1965, 61 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 $3.0m and spending of $2.9m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.5m to $3.0m (+18%), an average of +4.1% a year. The sharpest change came in the year to June 2021, when income rose by 57%. Over the whole period it spent 88% 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 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within OR. Charities of a similar size with the same main cause include Bridges Outreach Inc ($3.0m), Coastside Hope ($3.0m) and Ligonier Valley Young Mens Christian Association of Pennsylva ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $190k (6.6% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $4.0m against liabilities of $258k, net assets of $3.7m. It reported 76 employees.