Friends of El Faro Orphanage Inc

Analysis

Friends of El Faro Orphanage Inc is a registered charity in United States, based in Costa Mesa, CA. It received its IRS tax-exemption ruling in February 2023, 3 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 El Faro Orphanage Inc reported income of $74k and spending of $81k, spending 109% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income fell from $105k to $74k (-30%), an average of -16% a year. The sharpest change came in the year to December 2022, when income dropped by 17%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends of El Faro Orphanage Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 31st percentile within CA. Charities of a similar size with the same main cause include American Friends of Tikvot ($74k), Nodutdol Corporation ($74k) and Ivy Rose Foundation Incorporated ($74k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $28k against liabilities of $0, net assets of $28k.