FR Rays Sponsor-A-Child Foundation Inc

Analysis

FR Rays Sponsor-A-Child Foundation Inc is a registered charity in United States, based in Palm Harbor, FL. It received its IRS tax-exemption ruling in April 2004, 22 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, FR Rays Sponsor-A-Child Foundation Inc reported income of $141k and spending of $135k, spending 96% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $101k to $141k (+40%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 34%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, FR Rays Sponsor-A-Child Foundation Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 49th percentile within FL. Charities of a similar size with the same main cause include Central Valley Feed the Homeless ($141k), Texas Association of Black Personnel in Higher Education ($141k) and His Purpose Foundation ($141k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% of the total. At year end it held assets of $1.4m against liabilities of $130k, net assets of $1.2m.