Friends of the Children-Colorado

Analysis

Friends of the Children-Colorado is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in August 2021, 5 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-Colorado reported income of $559k and spending of $743k, spending 133% of what it took in. Across the 3 years on record, from August 2021 to August 2023, income grew from $550k to $559k (+1.6%), an average of +0.8% a year. The sharpest change came in the year to August 2022, when income rose by 126%. Over the whole period it spent 61% 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-Colorado sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within CO. Charities of a similar size with the same main cause include Empowered Community Outreach Services ($559k), Any Body Can Youth Resorts Foundation ($559k) and Aledo Athletic Booster Club ($558k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $128k (17% of expenses). Other salaries and wages came to $337k. At year end it held assets of $990k against liabilities of $67k, net assets of $924k. It reported 7 employees.