California Friends Homes

Analysis

California Friends Homes is a registered charity in United States, based in Stanton, CA. It received its IRS tax-exemption ruling in April 1969, 57 years ago. 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, California Friends Homes reported income of $22.0m and spending of $25.2m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $18.8m to $22.0m (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2020, when income rose by 16%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, California Friends Homes sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Jenkins Memorial Nursing Home Inc ($22.0m), Springfield Urban League Inc ($22.0m) and Horizon Education Centers ($22.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.3% and program service revenue 96% of the total. Other salaries and wages came to $15.0m. At year end it held assets of $12.1m against liabilities of $8.8m, net assets of $3.3m. It reported 425 employees.