Friends of the Children Fargo- Moorhead

Analysis

Friends of the Children Fargo- Moorhead is a registered charity in United States, based in Fargo, ND. It received its IRS tax-exemption ruling in September 2019, 7 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 Fargo- Moorhead reported income of $599k and spending of $1.1m, spending 188% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $340k to $599k (+76%), an average of +15% a year. The sharpest change came in the year to August 2020, when income rose by 95%. Over the whole period it spent 83% 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 Fargo- Moorhead sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within ND. Charities of a similar size with the same main cause include Senior Community Center of Owensboro-Daviess County Inc ($599k), Cloud Covered Streets ($599k) and Empowerment Academy Inc ($599k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $181k (16% of expenses). Other salaries and wages came to $544k. At year end it held assets of $791k against liabilities of $126k, net assets of $665k. It reported 11 employees.