Friends to Parents

Analysis

Friends to Parents is a registered charity in United States, based in S San Fran, CA. It received its IRS tax-exemption ruling in December 1974, 52 years ago. 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 June 2023, Friends to Parents reported income of $2.4m and spending of $2.1m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $2.4m (+20%), an average of +4.6% a year. The sharpest change came in the year to June 2023, when income rose by 22%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends to Parents sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Simmons Center Foundation ($2.4m), Buffalo Prep Inc ($2.4m) and Santa Monica Mountains Fund ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 35% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $136k (6.4% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $2.1m against liabilities of $412k, net assets of $1.6m. It reported 33 employees.