Buddy Fund

Analysis

Buddy Fund is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in June 1964, 62 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Buddy Fund reported income of $317k and spending of $350k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $249k to $317k (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2021, when income rose by 28%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Buddy Fund sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within MO. Charities of a similar size with the same main cause include Hope Medical Outreach Coalition ($317k), Hope Impacts ($317k) and Minidoka County Senior Center Inc ($317k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 111% of the total. At year end it held assets of $541k against liabilities of $15k, net assets of $526k.