Friendly Hand Foundation

Analysis

Friendly Hand Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in May 1952, 74 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 December 2023, Friendly Hand Foundation reported income of $1.6m and spending of $2.0m, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.6m (+29%), an average of +6.7% a year. The sharpest change came in the year to December 2022, when income rose by 32%. Over the whole period it spent 106% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Friendly Hand Foundation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Healing Reins Equine Assisted Services Inc ($1.6m), El Centro de Ayuda ($1.6m) and Planned Parenthood Cameron County ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $124k (6.1% of expenses). Other salaries and wages came to $818k. At year end it held assets of $1.3m against liabilities of $1.1m, net assets of $238k. It reported 38 employees.