Friends Retirement Association of California Inc

Analysis

Friends Retirement Association of California Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 1967, 59 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, Friends Retirement Association of California Inc reported income of $69k and spending of $21k, leaving 70% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $127k to $69k (-46%), an average of -14% a year. The sharpest change came in the year to June 2024, when income dropped by 55%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Friends Retirement Association of California Inc sits at the 15th percentile: it is larger than about 15% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 29th percentile within CA. Charities of a similar size with the same main cause include John L Turner House Foundation ($69k), Claremont Manor Club Incorporated ($69k) and Kenyon Terrace Apartments Inc ($69k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 48% of the total. At year end it held assets of $591k against liabilities of $373k, net assets of $218k.