Care for Friends

Analysis

Care for Friends is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in January 2013, 13 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 December 2023, Care for Friends reported income of $496k and spending of $356k, leaving 28% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $308k to $496k (+61%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Care for Friends sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within IL. Charities of a similar size with the same main cause include River City Rescue Mission Inc ($496k), Boston Avenue Helping Hands Inc ($496k) and Global Health Education and Development ($496k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $105k (29% of expenses). Other salaries and wages came to $57k. At year end it held assets of $494k against liabilities of $62k, net assets of $432k. It reported 4 employees.