Butterfly Foundation

Analysis

Butterfly Foundation is a registered charity in United States, based in Waynesboro, TN. It received its IRS tax-exemption ruling in February 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Butterfly Foundation reported income of $124k and spending of $173k, spending 139% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $163k to $124k (-24%), an average of -24% a year. The sharpest change came in the year to December 2023, when income dropped by 24%. Over the whole period it spent 118% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Butterfly Foundation sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within TN. Charities of a similar size with the same main cause include Horizons Lifestyle and Education Team ($124k), Hometown Heroes of Walton Inc ($124k) and Sunday Westchester Farmers Market ($124k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $99k against liabilities of $0, net assets of $99k.