Best Friends Inc

Analysis

Best Friends Inc is a registered charity in United States, based in Beaver Falls, PA. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Best Friends Inc reported income of $103k and spending of $112k, spending 109% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income fell from $107k to $103k (-3.9%), an average of -3.9% a year. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Best Friends Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within PA. Charities of a similar size with the same main cause include Mission Life Inc ($103k), Caregiver Companion Inc ($103k) and Bctcares Foundation Inc ($103k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $39k against liabilities of $1,557, net assets of $38k.