A Community of Friends

Analysis

A Community of Friends is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 1989, 37 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 (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, A Community of Friends reported income of $20.5m and spending of $21.2m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.6m to $20.5m (+171%), an average of +28% a year. The sharpest change came in the year to June 2021, when income rose by 64%. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, A Community of Friends 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 97th percentile within CA. Charities of a similar size with the same main cause include Alfa Development Inc ($20.5m), Central Union Mission ($20.7m) and Riverside Charitable Corporation ($20.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $782k (3.7% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $67.1m against liabilities of $62.9m, net assets of $4.1m. It reported 97 employees.