Friends of Children-Detroit

Analysis

Friends of Children-Detroit is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in November 2020, 6 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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 2023, Friends of Children-Detroit reported income of $992k and spending of $1.3m, spending 133% of what it took in. Across the 4 years on record, from August 2020 to August 2023, income fell from $1.4m to $992k (-30%), an average of -11% a year. The sharpest change came in the year to August 2022, when income rose by 97%. Over the whole period it spent 68% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Friends of Children-Detroit sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within MI. Charities of a similar size with the same main cause include Fairfax Court Appointed Special Advocates Inc ($992k), St Andrew Legal Clinic ($992k) and Casie Center Inc ($990k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 103% of the total. Compensation of current officers, directors and key employees was $133k (10% of expenses). Other salaries and wages came to $643k. At year end it held assets of $1.9m against liabilities of $152k, net assets of $1.7m. It reported 13 employees.