Four Corners Home for Children Inc

Analysis

Four Corners Home for Children Inc is a registered charity in United States, based in Farmington, NM. It received its IRS tax-exemption ruling in September 1953, 73 years ago. 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 September 2023, Four Corners Home for Children Inc reported income of $1.2m and spending of $1.1m, spending 91% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.2m to $1.2m (+1.5%), an average of +0.4% a year. The sharpest change came in the year to September 2021, when income rose by 39%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Four Corners Home for Children Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within NM. Charities of a similar size with the same main cause include Georgia Technology Student Association ($1.2m), Foster Care Support Foundation Inc ($1.2m) and Choose Life of North Alabama Inc ($1.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $103k (9.6% of expenses). Other salaries and wages came to $373k. At year end it held assets of $2.6m against liabilities of $44k, net assets of $2.5m. It reported 34 employees.