Friends of the Children - Chicago

Analysis

Friends of the Children - Chicago is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 2018, 8 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 August 2023, Friends of the Children - Chicago reported income of $2.8m and spending of $2.6m, spending 90% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $861k to $2.8m (+230%), an average of +35% a year. The sharpest change came in the year to August 2022, when income rose by 234%. Over the whole period it spent 73% 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 - Chicago sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within IL. Charities of a similar size with the same main cause include Foundations Child Care Center Inc ($2.8m), Dreaam Opportunity Center ($2.8m) and Matsu Food Bank ($2.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $164k (6.4% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $3.3m against liabilities of $162k, net assets of $3.1m. It reported 23 employees.