Friends of Foster Children of Palm Beach County Inc

Analysis

Friends of Foster Children of Palm Beach County Inc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in July 1986, 40 years ago. 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 August 2024, Friends of Foster Children of Palm Beach County Inc reported income of $915k and spending of $667k, leaving 27% of income unspent that year. Across the 6 years on record, from August 2019 to August 2024, income grew from $864k to $915k (+5.8%), an average of +1.1% a year. The sharpest change came in the year to August 2021, when income rose by 54%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Foster Children of Palm Beach County Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within FL. Charities of a similar size with the same main cause include National Council of Higher Education Loan Programs Inc ($915k), Green Thumb Players Society ($915k) and Koram Senior Housing Corporation ($915k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 21% and program service revenue 75% of the total. Other salaries and wages came to $351k. At year end it held assets of $940k against liabilities of $2,564, net assets of $937k. It reported 11 employees.