Friends of the Fatherless

Analysis

Friends of the Fatherless is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in June 2013, 13 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 December 2023, Friends of the Fatherless reported income of $309k and spending of $351k, spending 113% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $266k to $309k (+16%), an average of +5.2% a year. The sharpest change came in the year to December 2021, when income rose by 31%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends of the Fatherless sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within NM. Charities of a similar size with the same main cause include River Center of New Castle Inc ($309k), Baptist Home of Philadelphia ($310k) and Ventura County Taxpayers Foundation ($309k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 48% of the total. Other salaries and wages came to $61k. At year end it held assets of $18k against liabilities of -$4,088, net assets of $22k. It reported 4 employees.