Billy Andrade-Brad Faxon Charities for Children Inc

Analysis

Billy Andrade-Brad Faxon Charities for Children Inc is a registered charity in United States, based in Barrington, RI. It received its IRS tax-exemption ruling in April 1994, 32 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 September 2023, Billy Andrade-Brad Faxon Charities for Children Inc reported income of $542k and spending of $359k, leaving 34% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $104k to $542k (+422%), an average of +51% a year. The sharpest change came in the year to September 2022, when income rose by 103%. Over the whole period it spent 148% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Billy Andrade-Brad Faxon Charities for Children Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within RI. Charities of a similar size with the same main cause include Sojourn Chaplaincy Inc ($541k), Voice for Florida Keys Children Inc ($542k) and Camp Rising Sun Charitablefoundation Inc ($541k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 59% of the total. Other salaries and wages came to $17k. At year end it held assets of $2.2m against liabilities of $0, net assets of $2.2m. It reported 1 employees.