Friends of Sozo Kids

Analysis

Friends of Sozo Kids is a registered charity in United States, based in The Villages, FL. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Sozo Kids reported income of $294k and spending of $335k, spending 114% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $322k to $294k (-9.0%), an average of -3.1% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 88% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of Sozo Kids sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 64th percentile within FL. Charities of a similar size with the same main cause include Covington-Newton County United Fund Inc ($293k), Tuscaloosa City Schools Education Foundation Inc ($294k) and Muscogee Educational Excellence Foundation Inc ($293k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. At year end it held assets of $138k against liabilities of $0, net assets of $138k.