Friends Of Forgotten Children
Friends Of Forgotten Children consistently grows assets with zero officer compensation and strong revenue-to-expense ratios.
EIN: 202684275 · Concord, NH · NTEE: P20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $303K |
| Total Expenses | $169K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $935K |
| Transparency Score | 95/100 |
Is Friends Of Forgotten Children Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of Forgotten Children directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of Forgotten Children
Friends Of Forgotten Children (EIN: 202684275) is a nonprofit organization based in Concord, NH, classified under NTEE code P20. The organization reported total revenue of $303K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Forgotten Children's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of Forgotten Children is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $318K |
| Total Expenses | $169K |
| Surplus / Deficit | +$148K |
| Total Assets | $945K |
| Total Liabilities | $10K |
| Net Assets | $935K |
| Operating Margin | 46.7% |
| Debt-to-Asset Ratio | 1.0% |
| Months of Reserves | 66.9 months |
Financial Health Grade: A
In 2023, Friends Of Forgotten Children reported a surplus of $148K with revenue exceeding expenses, holds 66.9 months of operating reserves (strong position), has a debt-to-asset ratio of 1.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Friends Of Forgotten Children's revenue has grown at a compound annual growth rate (CAGR) of 14.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +33.4% | +42.5% | +19.9% |
| 2022 | +138.5% | +25.6% | +18.5% |
| 2021 | -19.4% | +29.6% | +0.9% |
| 2020 | +0.1% | -10.1% | +8.4% |
| 2019 | +33.1% | +44.3% | +6.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Friends Of Forgotten Children with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Friends Of Forgotten Children allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $148K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly commendable for an organization of its size with over $1 million in assets.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Friends Of Forgotten Children:
- Consistent asset growth, from $46,806 in 2014 to $944,503 in 2023, indicating strong financial management.
- Zero officer compensation reported across all 13 filings, demonstrating a commitment to directing funds to the mission.
- Expenses consistently significantly lower than revenue (e.g., 2023 expenses $169,377 vs. revenue $317,834), suggesting high spending efficiency.
- Low liabilities reported in most periods, indicating a healthy balance sheet.
- Strong revenue growth in recent years, with 2023 revenue at $317,834, up from $99,874 in 2021.
Frequently Asked Questions about Friends Of Forgotten Children
Is Friends Of Forgotten Children a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of Forgotten Children (EIN: 202684275) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Friends Of Forgotten Children spend its money?
Friends Of Forgotten Children directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friends Of Forgotten Children tax-deductible?
Friends Of Forgotten Children is registered as a tax-exempt nonprofit (EIN: 202684275). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Friends Of Forgotten Children CEO make?
Friends Of Forgotten Children's highest-compensated officer earns $1 annually. The organization reported $303K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Friends Of Forgotten Children's spending goes to programs?
Friends Of Forgotten Children directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Friends Of Forgotten Children compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Friends Of Forgotten Children is above average for NTEE category P20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Friends Of Forgotten Children located?
Friends Of Forgotten Children is headquartered in Concord, New Hampshire and files with the IRS under EIN 202684275. It is classified under NTEE code P20.
How many years of IRS 990 filings does Friends Of Forgotten Children have?
Friends Of Forgotten Children has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $303K in total revenue.
Is Friends Of Forgotten Children a good charity?
Based on the provided financial data, Friends Of Forgotten Children appears to be a very good charity. It demonstrates strong financial health, efficient spending (expenses are consistently much lower than revenue), and excellent transparency with 0% officer compensation reported across all filings.
How has Friends Of Forgotten Children's financial health changed over time?
The organization's financial health has significantly improved and stabilized. Assets have grown consistently from $46,806 in 2014 to $944,503 in 2023. Revenue has also shown strong growth, particularly in recent years, while expenses have remained well below revenue, leading to substantial asset accumulation.
Does Friends Of Forgotten Children spend efficiently?
Yes, Friends Of Forgotten Children appears to spend very efficiently. In 2023, expenses were $169,377 against revenue of $317,834, meaning only about 53% of revenue was spent. This trend is consistent across multiple years, indicating a lean operational model and effective use of funds.
Filing History
IRS 990 filing history for Friends Of Forgotten Children showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Friends Of Forgotten Children's revenue has grown by 392%, moving from $65K to $318K. Total assets increased by 5174.2% over the same period, from $18K to $945K. Total functional expenses rose by 153.5%, from $67K to $169K. In its most recent filing year (2023), Friends Of Forgotten Children reported a surplus of $148K, with revenue exceeding expenses. The organization holds $10K in liabilities against $945K in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $935K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $318K | $169K | $945K | $10K | — | — |
| 2022 | $238K | $119K | $788K | $1K | — | — |
| 2021 | $100K | $95K | $665K | $-2,195 | — | View 990 |
| 2020 | $124K | $73K | $659K | $-3,023 | — | — |
| 2019 | $124K | $81K | $607K | $-3,349 | — | View 990 |
| 2018 | $93K | $56K | $569K | $426 | — | View 990 |
| 2017 | $45K | $51K | $533K | $649 | — | View 990 |
| 2016 | $43K | $52K | $538K | $0 | — | View 990 |
| 2015 | $544K | $44K | $547K | $181 | — | View 990 |
| 2014 | $52K | $38K | $47K | $-125 | — | View 990 |
| 2013 | $20K | $32K | $33K | $562 | — | View 990 |
| 2012 | $50K | $24K | $44K | $0 | — | View 990 |
| 2011 | $65K | $67K | $18K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $318K, expenses of $169K, and assets of $945K (revenue +33.4% year-over-year).
- 2022: Revenue of $238K, expenses of $119K, and assets of $788K (revenue +138.5% year-over-year).
- 2021: Revenue of $100K, expenses of $95K, and assets of $665K (revenue -19.4% year-over-year).
- 2020: Revenue of $124K, expenses of $73K, and assets of $659K (revenue +0.1% year-over-year).
- 2019: Revenue of $124K, expenses of $81K, and assets of $607K (revenue +33.1% year-over-year).
- 2018: Revenue of $93K, expenses of $56K, and assets of $569K (revenue +107.9% year-over-year).
- 2017: Revenue of $45K, expenses of $51K, and assets of $533K (revenue +3.2% year-over-year).
- 2016: Revenue of $43K, expenses of $52K, and assets of $538K (revenue -92.0% year-over-year).
- 2015: Revenue of $544K, expenses of $44K, and assets of $547K (revenue +941.6% year-over-year).
- 2014: Revenue of $52K, expenses of $38K, and assets of $47K (revenue +157.6% year-over-year).
- 2013: Revenue of $20K, expenses of $32K, and assets of $33K (revenue -59.6% year-over-year).
- 2012: Revenue of $50K, expenses of $24K, and assets of $44K (revenue -22.3% year-over-year).
- 2011: Revenue of $65K, expenses of $67K, and assets of $18K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of Forgotten Children:
Data Sources and Methodology
This transparency report for Friends Of Forgotten Children is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.