Friends of the Children - Phoenix

Analysis

Friends of the Children - Phoenix is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in February 2022, 4 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 - Phoenix reported income of $475k and spending of $1.1m, spending 226% of what it took in. Across the 2 years on record, from August 2022 to August 2023, income fell from $1.8m to $475k (-73%), an average of -73% a year. The sharpest change came in the year to August 2023, when income dropped by 73%. Over the whole period it spent 67% 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 - Phoenix sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within AZ. Charities of a similar size with the same main cause include Great and Small ($473k), Team New England Youth Academy Inc ($475k) and Second Life Bikes ($473k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $122k (11% of expenses). Other salaries and wages came to $497k. At year end it held assets of $1.1m against liabilities of $191k, net assets of $912k. It reported 9 employees.