Fleece & Thank You

Analysis

Fleece & Thank You is a registered charity in United States, based in Farmingtn HLS, MI. It received its IRS tax-exemption ruling in January 2016, 10 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 October 2023, Fleece & Thank You reported income of $751k and spending of $656k, spending 87% of its income. Across the 4 years on record, from October 2020 to October 2023, income grew from $462k to $751k (+63%), an average of +18% a year. The sharpest change came in the year to October 2022, when income rose by 44%. Over the whole period it spent 97% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Fleece & Thank You sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MI. Charities of a similar size with the same main cause include Ytl Training Programs ($750k), Boys & Girls Clubs of North Georgia ($752k) and John W Hereford Boys and Girls Clubs of Huntington Inc ($749k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 43% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $72k (11% of expenses). Other salaries and wages came to $132k. At year end it held assets of $622k against liabilities of $489k, net assets of $133k. It reported 11 employees.