Friends Child Care Center

Analysis

Friends Child Care Center is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in November 1979, 47 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 August 2023, Friends Child Care Center reported income of $1.7m and spending of $1.9m, spending 114% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.5m to $1.7m (+16%), an average of +3.8% a year. The sharpest change came in the year to August 2022, when income rose by 26%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends Child Care Center sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within PA. Charities of a similar size with the same main cause include Partnership for Progress Inc ($1.7m), Jackson Leadership Foundation ($1.7m) and Chilton Memorial Hospital Foundation Inc ($1.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 7.8% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $97k (5.0% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $3.2m against liabilities of $2.7m, net assets of $499k. It reported 29 employees.