Friends of TLC

Analysis

Friends of TLC is a registered charity in United States, based in Hatch, UT. It received its IRS tax-exemption ruling in February 2001, 25 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 December 2023, Friends of TLC reported income of $116k and spending of $16k, leaving 86% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $93k to $116k (+24%), an average of +5.5% a year. Over the whole period it spent 13% 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 TLC sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 39th percentile within UT. Charities of a similar size with the same main cause include Charlotte Gaymers Network Inc ($116k), Camp Common Ground ($116k) and University of Wyoming ($115k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% of the total. At year end it held assets of $2.2m against liabilities of $234k, net assets of $2.0m.