A Friend in Need Ltd

Analysis

A Friend in Need Ltd is a registered charity in United States, based in Avalon, NJ. It received its IRS tax-exemption ruling in September 2007, 19 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 October 2023, A Friend in Need Ltd reported income of $66k and spending of $74k, spending 112% of what it took in. Across the 2 years on record, from October 2022 to October 2023, income grew from $39k to $66k (+66%), an average of +66% a year. The sharpest change came in the year to October 2023, when income rose by 66%. Over the whole period it spent 116% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, A Friend in Need Ltd sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 33rd percentile within NJ. Charities of a similar size with the same main cause include T-Leon Howard Education and Research Fund ($66k), Duke Health Raleigh Hospital Guild ($66k) and Saint Annes Home ($66k).

On its Form 990-EZ for the period ending October 2023, revenue came from contributions and grants 10% of the total. At year end it held assets of $73k against liabilities of $3,133, net assets of $70k.