Friends of Burma Inc

Analysis

Friends of Burma Inc is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in November 2007, 19 years ago. 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, Friends of Burma Inc reported income of $630k and spending of $733k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $312k to $630k (+102%), an average of +19% a year. The sharpest change came in the year to December 2020, when income rose by 100%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Burma Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within IN. Charities of a similar size with the same main cause include New Wineskins Missionary Network ($630k), Village School of Louisville Inc ($631k) and Stop Childrens Cancer Inc ($630k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $3,600 (0.5% of expenses). At year end it held assets of $201k against liabilities of $0, net assets of $201k.