Friends Association for Children

Analysis

Friends Association for Children is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in December 1933, 93 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, Friends Association for Children reported income of $2.4m and spending of $2.5m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.2m to $2.4m (+9.8%), an average of +2.4% a year. The sharpest change came in the year to June 2021, when income rose by 43%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends Association for Children sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within VA. Charities of a similar size with the same main cause include Highline Area Food Bank ($2.4m), Adoptions with Love Inc ($2.4m) and Pawcatuck Neighborhood Center Inc ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $106k (4.2% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $4.1m against liabilities of $292k, net assets of $3.8m. It reported 55 employees.