My Friends House Family and Children Services Inc

Analysis

My Friends House Family and Children Services Inc is a registered charity in United States, based in Franklin, TN. It received its IRS tax-exemption ruling in September 1984, 42 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 2024, My Friends House Family and Children Services Inc reported income of $684k and spending of $717k, spending 105% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $603k to $684k (+13%), an average of +2.6% a year. The sharpest change came in the year to June 2020, when income rose by 27%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, My Friends House Family and Children Services Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within TN. Charities of a similar size with the same main cause include Special Hope Network ($684k), Refugees Helping Refugees Inc ($684k) and A Second Chance Resource Center Network United Inc ($684k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 62% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $64k (8.9% of expenses). At year end it held assets of $833k against liabilities of $25k, net assets of $809k. It reported 18 employees.