Friends of Club 21

Analysis

Friends of Club 21 is a registered charity in United States, based in Colorado Springs, CO. It received its IRS tax-exemption ruling in November 2014, 12 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, Friends of Club 21 reported income of $369k and spending of $298k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $236k to $369k (+56%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 61%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends of Club 21 sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within CO. Charities of a similar size with the same main cause include Above the Rest Academy ($369k), Fresh Start of San Angelo ($369k) and Bangor Masonic Foundation ($369k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $123k against liabilities of $0, net assets of $123k.