Friendship for Tots Inc

Analysis

Friendship for Tots Inc is a registered charity in United States, based in Mount Vernon, NY. It received its IRS tax-exemption ruling in July 2010, 16 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 December 2023, Friendship for Tots Inc reported income of $150k and spending of $180k, spending 120% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $896k to $150k (-83%), an average of -45% a year. The sharpest change came in the year to December 2023, when income dropped by 86%. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friendship for Tots Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within NY. Charities of a similar size with the same main cause include McNeese Kids Foundation ($150k), Counter Trafficking Group ($150k) and Tulare County Association of Realtors Charitable Foundation ($150k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 67% of the total. Other salaries and wages came to $51k. At year end it held assets of $249k against liabilities of $179k, net assets of $70k. It reported 24 employees.