Friends of the Children Inc

Analysis

Friends of the Children Inc is a registered charity in United States, based in Ashland, KY. It received its IRS tax-exemption ruling in January 1989, 37 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 June 2024, Friends of the Children Inc reported income of $55k and spending of $48k, spending 87% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $49k to $55k (+12%), an average of +12% a year. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of the Children Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 19th percentile within KY. Charities of a similar size with the same main cause include Animal Life Line Corporation Inc ($55k), 50-60 Kosciuzko Street Housing Development Fund Company Inc ($55k) and Meigs County Farmers Market LLC ($55k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 94% of the total. At year end it held assets of $156k against liabilities of $0, net assets of $156k.