Friends of the Children-Boston Inc

Analysis

Friends of the Children-Boston Inc is a registered charity in United States, based in Roxbury, MA. It received its IRS tax-exemption ruling in July 2005, 21 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 August 2023, Friends of the Children-Boston Inc reported income of $2.3m and spending of $2.7m, spending 115% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.9m to $2.3m (+23%), an average of +5.4% a year. The sharpest change came in the year to August 2022, when income rose by 127%. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends of the Children-Boston Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MA. Charities of a similar size with the same main cause include Placer Arc ($2.3m), Wood Glen Hall ($2.3m) and Common Ground Collective ($2.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 103% of the total. Compensation of current officers, directors and key employees was $145k (5.5% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $7.0m against liabilities of $2.4m, net assets of $4.6m. It reported 26 employees.