Friends R Fun Child Development Center Inc

Analysis

Friends R Fun Child Development Center Inc is a registered charity in United States, based in Summersville, WV. It received its IRS tax-exemption ruling in April 1947, 79 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends R Fun Child Development Center Inc reported income of $1.7m and spending of $1.5m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.7m (+69%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 42%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends R Fun Child Development Center Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within WV. Charities of a similar size with the same main cause include Integrated Community Work Inc ($1.7m), Kentucky Center for Special Childrens Services ($1.7m) and National Association of State Boards of Education ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $25k (1.7% of expenses). Other salaries and wages came to $959k. At year end it held assets of $2.7m against liabilities of $41k, net assets of $2.7m. It reported 60 employees.