Friends for Youth Inc

Analysis

Friends for Youth Inc is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in September 1985, 41 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 for Youth Inc reported income of $1.2m and spending of $1.2m, spending 103% of its income. Across the 5 years on record, from March 2020 to December 2023, income grew from $747k to $1.2m (+56%), an average of +12% a year. The sharpest change came in the year to March 2022, when income rose by 37%. Over the whole period it spent 85% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Friends for Youth Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Providence Youth Student Movement ($1.2m), Adventure of Childhood Inc ($1.2m) and Illinois Foundation Future Farmers of America Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $94k (7.8% of expenses). Other salaries and wages came to $527k. At year end it held assets of $1.0m against liabilities of $33k, net assets of $974k. It reported 17 employees.