Friends of the Children of Venezuela Inc

Analysis

Friends of the Children of Venezuela Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in January 2017, 9 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 December 2023, Friends of the Children of Venezuela Inc reported income of $304k and spending of $428k, spending 141% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $250k to $304k (+21%), an average of +5.0% a year. The sharpest change came in the year to December 2020, when income rose by 137%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends of the Children of Venezuela Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 65th percentile within FL. Charities of a similar size with the same main cause include St Vincent de Paul of Hilbert Inc ($304k), Asi Billings Inc ($304k) and Safe Haven Sustainable Farms Inc ($304k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $32k. At year end it held assets of $101k against liabilities of $653, net assets of $100k. It reported 1 employees.