Friendly Center Inc

Analysis

Friendly Center Inc is a registered charity in United States, based in Orange, CA. It received its IRS tax-exemption ruling in June 1967, 59 years ago. 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 December 2023, Friendly Center Inc reported income of $2.5m and spending of $2.8m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.2m to $2.5m (-24%), an average of -6.5% a year. The sharpest change came in the year to December 2022, when income rose by 90%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friendly Center 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 88th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include St Columbans on the Lake ($2.5m), South Pasadena Educational Foundation ($2.5m) and Associated Students of Stanford University ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $3.6m against liabilities of $500k, net assets of $3.1m. It reported 41 employees.