Friends of Folsom

Analysis

Friends of Folsom is a registered charity in United States, based in Folsom, CA. It received its IRS tax-exemption ruling in April 2023, 3 years ago. Its declared purposes cover food, agriculture and nutrition, 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 Folsom reported income of $62k and spending of $47k, leaving 24% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income fell from $69k to $62k (-9.3%), an average of -1.9% a year. The sharpest change came in the year to December 2019, when income rose by 236%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends of Folsom sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 26th percentile within CA. Charities of a similar size with the same main cause include Tri-State Turf Research Foundation Inc ($62k), Five Rivers Home Inc ($62k) and Vermont National Guard Charitable Foundation Inc ($62k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 81% of the total. At year end it held assets of $33k against liabilities of $0, net assets of $33k.