Friendship Childrens Center Inc

Analysis

Friendship Childrens Center Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in June 1990, 36 years ago. 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 Childrens Center Inc reported income of $1.3m and spending of $1.2m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.3m (+5.6%), an average of +1.4% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friendship Childrens Center Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 60th percentile within DC. Charities of a similar size with the same main cause include Emmonak Womens Shelter ($1.3m), The Association for Preservation Technology International Inc ($1.3m) and Martin Chapel Housing Corporation ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.5% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $93k (7.9% of expenses). Other salaries and wages came to $757k. At year end it held assets of $1.3m against liabilities of $182k, net assets of $1.2m. It reported 41 employees.