Friends of the Children Seattle

Analysis

Friends of the Children Seattle is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in March 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 August 2023, Friends of the Children Seattle reported income of $2.4m and spending of $4.0m, spending 170% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $2.5m to $2.4m (-6.9%), an average of -1.8% a year. The sharpest change came in the year to August 2022, when income rose by 93%. Over the whole period it spent 90% 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 Seattle sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within WA. Charities of a similar size with the same main cause include Passport Inc ($2.4m), Boys and Girls Club of Ventura Inc ($2.4m) and Mandan Baseball Club Inc ($2.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $269k (6.7% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $4.6m against liabilities of $352k, net assets of $4.2m. It reported 46 employees.