Little Friends Inc

Analysis

Little Friends Inc is a registered charity in United States, based in Warrenville, IL. It received its IRS tax-exemption ruling in October 1971, 55 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 June 2023, Little Friends Inc reported income of $22.7m and spending of $18.4m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.9m to $22.7m (+52%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 40%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Little Friends Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IL. Charities of a similar size with the same main cause include Covenant Home ($22.6m), Rural Transit Enterprises Coordinated Incorporation ($22.7m) and Methodist Home for Children Inc ($22.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $499k (2.7% of expenses). Other salaries and wages came to $12.1m. At year end it held assets of $22.9m against liabilities of $4.0m, net assets of $18.9m. It reported 483 employees.