Friendship Manor

Analysis

Friendship Manor is a registered charity in United States, based in Goleta, CA. It received its IRS tax-exemption ruling in August 1973, 53 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 June 2024, Friendship Manor reported income of $2.9m and spending of $2.9m, spending 98% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.7m to $2.9m (+6.0%), an average of +1.5% a year. The sharpest change came in the year to June 2023, when income rose by 26%. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Friendship Manor sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Scranton Neigborhood Housing ($2.9m), Richland County Land Reutilization Corporation ($2.9m) and The Delores Project ($2.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.9% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $97k (3.4% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $8.4m against liabilities of $403k, net assets of $8.0m. It reported 41 employees.