Greyhound Friends Inc

Analysis

Greyhound Friends Inc is a registered charity in United States, based in Hopkinton, MA. It received its IRS tax-exemption ruling in July 1988, 38 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, Greyhound Friends Inc reported income of $847k and spending of $325k, leaving 62% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $97k to $847k (+775%), an average of +72% a year. The sharpest change came in the year to December 2023, when income rose by 261%. Over the whole period it spent 71% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Greyhound Friends Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MA. Charities of a similar size with the same main cause include Friends of Animal Adoptions Inc ($847k), Homeward Bound Pet Rescue Inc ($848k) and Southern California Golden Retriever Rescue ($846k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 6.5% of the total. Compensation of current officers, directors and key employees was $45k (14% of expenses). Other salaries and wages came to $71k. At year end it held assets of $1.1m against liabilities of $110k, net assets of $1.0m. It reported 12 employees.