Friends of the Children Tacoma

Analysis

Friends of the Children Tacoma is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in December 2019, 7 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 Tacoma reported income of $487k and spending of $914k, spending 188% of what it took in. Across the 4 years on record, from August 2020 to August 2023, income fell from $1.4m to $487k (-64%), an average of -29% a year. The sharpest change came in the year to August 2022, when income rose by 297%. Over the whole period it spent 80% 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 Tacoma sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within WA. Charities of a similar size with the same main cause include Most Valuable Kids of Greater Cincinnati Inc ($487k), Island Waldorf Community Inc ($487k) and Rising Leaders Global ($486k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $130k (14% of expenses). Other salaries and wages came to $391k. At year end it held assets of $934k against liabilities of $131k, net assets of $802k. It reported 11 employees.