Childrens Friend and Service

Analysis

Childrens Friend and Service is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in May 1951, 75 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Childrens Friend and Service reported income of $37.2m and spending of $36.9m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $36.1m to $37.2m (+3.0%), an average of +0.7% a year. The sharpest change came in the year to December 2022, when income rose by 19%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Childrens Friend and Service 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 98th percentile, and in the 98th percentile within RI. Charities of a similar size with the same main cause include Foodbank of Monmouth and Ocean Counties Inc ($37.2m), Developmental Disabilities Center ($37.3m) and Brazos Valley Community Action Agency Inc ($37.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 17% of the total. Other salaries and wages came to $20.0m. At year end it held assets of $42.9m against liabilities of $6.0m, net assets of $36.9m. It reported 500 employees.