The Buddy Fund Inc

Analysis

The Buddy Fund Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2007, 19 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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, The Buddy Fund Inc reported income of $58k and spending of $13k, leaving 78% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $33k to $58k (+79%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 98%. Over the whole period it spent 49% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, The Buddy Fund Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 25th percentile within NY. Charities of a similar size with the same main cause include South Jersey All Breeds Horse Rescue ($58k), Harmony Rescue Inc ($58k) and Safari Club International Foundation ($58k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% of the total. Compensation of current officers, directors and key employees was $7,200 (56% of expenses). At year end it held assets of $878k against liabilities of $0, net assets of $878k.