Friends of the Children - Utah

Analysis

Friends of the Children - Utah is a registered charity in United States, based in Kearns, UT. It received its IRS tax-exemption ruling in May 2020, 6 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 - Utah reported income of $939k and spending of $1.4m, spending 145% of what it took in. Across the 4 years on record, from August 2020 to August 2023, income fell from $1.5m to $939k (-39%), an average of -15% a year. The sharpest change came in the year to August 2022, when income rose by 71%. Over the whole period it spent 85% 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 - Utah sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 77th percentile within UT. Charities of a similar size with the same main cause include Children Mending Hearts Inc ($939k), United Natives Inc ($940k) and Neighborhood House Club ($939k).

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 $143k (10% of expenses). Other salaries and wages came to $705k. At year end it held assets of $733k against liabilities of $246k, net assets of $488k. It reported 18 employees.