Friends of the Troops

Analysis

Friends of the Troops is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 Troops reported income of $424k and spending of $376k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $64k to $424k (+565%), an average of +61% a year. The sharpest change came in the year to December 2020, when income rose by 523%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of the Troops sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within TN. Charities of a similar size with the same main cause include The Center for Asian Pacific American Women ($424k), Charles W Christie Foundation ($424k) and Living Improvement for the Elderly Center ($424k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $159k against liabilities of $0, net assets of $159k.