Friends of the Poor Clares Foundation

Analysis

Friends of the Poor Clares Foundation is a registered charity in United States, based in Rocky River, OH. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of the Poor Clares Foundation reported income of $74k and spending of $4,639, leaving 94% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $98k to $74k (-25%), an average of -6.8% a year. The sharpest change came in the year to December 2023, when income rose by 764%. Over the whole period it spent 32% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of the Poor Clares Foundation sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 29th percentile within OH. Charities of a similar size with the same main cause include Easton Choral Arts Society Inc ($74k), Redbud Foundation ($74k) and Writing Through ($74k).

At year end it held assets of $771k against liabilities of $0, net assets of $771k.