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Friendship Foundation Inc

EIN 86-0501985 · Glendale, AZ

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood85 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE FOUNDATION PROVIDES DIRECT FINANCIAL ASSISTANCE TO RESIDENTS AND OFFERS TRANSPORTATION FOR COMMUNITY AND MEDICAL APPOINTMENTS. IT SUPPORTS PROGRAMS AND SERVICES BENEFITING MORE THAN 720 SENIORS. IN ADDITION, THE FOUNDATION RAISES FUNDS TO ENHANCE GLENCROFT'S COMMUNITY PROGRAMS AND CAPITAL PROJECTS. THE FOUNDATION ALSO ASSISTS EMPLOYEES OF FRIENDSHIP RETIREMENT CORPORATION WITH FINANCIAL ASSISTANCE AND SCHOLARSHIP SUPPORT.

Income
$508,953
Spending
$365,256
Spent on programs
74%
Reserves
17.3 months of spending
Largest source of income
donations and private grants, 68%
Employees
0
Volunteers
9
Highest pay
$374,857, ceo

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 85 out of 100. Higher than 65% of charities in its peer group (human services, $250k to $1m).

  • Reserves

    35 of 35

    Spendable reserves would cover 17.3 months of spending.

  • Debt

    20 of 20

    It owes 0% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 28% of income.

  • Income trend

    0 of 15

    Income fell 37% on the year before.

  • Spending floor

    15 of 15

    74% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100. Higher than 94% of charities in its peer group (human services, $250k to $1m).

  • Independent board

    25 of 25

    9 of 9 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $270,196 spent. GLENCROFT CURRENTLY SERVES MORE THAN 720 SENIOR RESIDENTS THROUGH INDEPENDENT LIVING, ASSISTED LIVING, MEMORY CARE, AND SKILLED NURSING PROGRAMS. SERVICES INCLUDE WELLNESS PROGRAMS, REHABILITATIVE THERAPIES, SOCIAL AND EDUCATIONAL ACTIVITIES, TRANSPORTATION, PASTORAL CARE, AND ACCESS TO ON-SITE HEALTH AND DINING FACILITIES. DURING THE MOST RECENT REPORTING YEAR, GLENCROFT PROVIDED DIRECT CARE SERVICES, HOSTED RESIDENT PROGRAMS, AND DELIVERED MEALS TO ENSURE THE HEALTH AND WELL-BEING OF RESIDENTS. FRIENDSHIP FOUNDATION'S PURPOSE IS TO SUSTAIN AND EXPAND PROGRAM OFFERINGS THAT ADDRESS PHYSICAL HEALTH, SOCIAL ENGAGEMENT, AND SUPPORTIVE CARE FOR SENIORS WITH LIMITED FINANCIAL RESOURCES; TO ENSURE EQUITABLE ACCESS TO SERVICES FOR ALL RESIDENTS, REGARDLESS OF INCOME LEVEL; AND TO MAINTAIN PROGRAM STAFF, EQUIPMENT, AND FACILITIES NECESSARY TO DELIVER HIGH-QUALITY SERVICES ACROSS THE CONTINUUM OF CARE.USE OF SUPPORT INCLUDES:-DIRECT FUNDING OF RESIDENT PROGRAMS AND WELLNESS INITIATIVES.-SUBSIDIES FOR RESIDENTS REQUIRING FINANCIAL ASSISTANCE TO ACCESS HOUSING AND CARE.-PROGRAM STAFFING, TRAINING, AND RESOURCES TO SUPPORT SPECIALIZED SERVICES SUCH AS MEMORY CARE AND REHABILITATIVE THERAPIES.FUNDING ENABLES FRIENDSHIP RETIREMENT CORPORATION, DBA GLENCROFT, TO CONTINUE DELIVERING VITAL HOUSING AND SUPPORTIVE PROGRAMS FOR OVER 720 OLDER ADULTS, SAFEGUARDING THEIR QUALITY OF LIFE AND REINFORCING GLENCROFT'S ROLE AS A CORNERSTONE OF SENIOR CARE IN THE COMMUNITY. FRIENDSHIP FOUNDATION ALSO MANAGES AN EMPLOYEE DRIVEN FUND TO ASSIST EMPLOYEES OF FRIENDSHIP RETIREMENT CORPORATION WITH FINANCIAL ASSISTANCE TO MEET EMERGENCY NEEDS AND PROVIDES SCHOLARSHIP SUPPORT.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since October 1988.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

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