Friends of Suenos

Analysis

Friends of Suenos is a registered charity in United States, based in Wynnewood, PA. It received its IRS tax-exemption ruling in November 2018, 8 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 December 2023, Friends of Suenos reported income of $185k and spending of $177k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $104k to $185k (+77%), an average of +77% a year. The sharpest change came in the year to December 2023, when income rose by 77%. Over the whole period it spent 98% 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 Suenos sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within PA. Charities of a similar size with the same main cause include Detroit Red Wings Alumni Association Inc ($185k), Chain-O-Lakes Water Ski Club Inc ($185k) and McMinnville Area Community Foundation ($185k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $15k against liabilities of $0, net assets of $15k.