Friends of the Children New York

Analysis

Friends of the Children New York is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2001, 25 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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 August 2023, Friends of the Children New York reported income of $4.0m and spending of $3.8m, spending 95% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.9m to $4.0m (+41%), an average of +9.0% a year. The sharpest change came in the year to August 2022, when income rose by 116%. Over the whole period it spent 84% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Friends of the Children New York sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Council on Criminal Justice Inc ($4.0m), Initiating Change in Our Neighborhoods Community Dev Corp ($4.0m) and Ultraviolet Education Fund ($4.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $242k (6.3% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $8.0m against liabilities of $3.6m, net assets of $4.4m. It reported 45 employees.