Friends of Youth

Analysis

Friends of Youth is a registered charity in United States, based in Kirkland, WA. It received its IRS tax-exemption ruling in April 1971, 55 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Friends of Youth reported income of $17.3m and spending of $15.2m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $16.3m to $17.3m (+6.2%), an average of +1.5% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Friends of Youth sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within WA. Charities of a similar size with the same main cause include Cancer Foundation of Santa Barbara ($17.3m), Metro Crisis Services Inc ($17.3m) and Mary Crowley Medical Research Center ($17.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $494k (3.2% of expenses). Other salaries and wages came to $8.9m. At year end it held assets of $26.9m against liabilities of $7.2m, net assets of $19.7m. It reported 273 employees.