Youve Got a Friend Inc

Analysis

Youve Got a Friend Inc is a registered charity in United States, based in West Tisbury, MA. It received its IRS tax-exemption ruling in June 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Youve Got a Friend Inc reported income of $126k and spending of $64k, leaving 49% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $188k to $126k (-33%), an average of -18% a year. The sharpest change came in the year to December 2023, when income rose by 996%. Over the whole period it spent 30% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Youve Got a Friend Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 49th percentile within MA. Charities of a similar size with the same main cause include Liberty County Manna House ($126k), Lafayette Lancer Band Boosters ($126k) and Madisonville Community Urban Redevelopment Corporation ($126k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $562k against liabilities of $0, net assets of $562k.