Friends of the Children - Austin

Analysis

Friends of the Children - Austin is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in October 2017, 9 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 the Children - Austin reported income of $3.7m and spending of $3.5m, spending 95% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.6m to $3.7m (+126%), an average of +23% a year. The sharpest change came in the year to August 2020, when income rose by 60%. Over the whole period it spent 70% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Friends of the Children - Austin sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include Millard United Sports ($3.7m), Boys Club of Pharr Inc ($3.7m) and Remember Nhu ($3.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 81% of the total. Compensation of current officers, directors and key employees was $602k (17% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $7.2m against liabilities of $677k, net assets of $6.6m. It reported 41 employees.