Good Friend Inc

Analysis

Good Friend Inc is a registered charity in United States, based in Wales, WI. It received its IRS tax-exemption ruling in January 2008, 18 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, Good Friend Inc reported income of $225k and spending of $245k, spending 109% of what it took in. Across the 5 years on record, from June 2020 to December 2023, income grew from $134k to $225k (+68%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 121%. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Good Friend Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within WI. Charities of a similar size with the same main cause include National Odd Shoe Exchange ($225k), Residents Council of Canterbury Court Inc ($225k) and P a C T a Inc ($225k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.8% of the total. Compensation of current officers, directors and key employees was $83k (34% of expenses). Other salaries and wages came to $14k. At year end it held assets of $64k against liabilities of $32k, net assets of $32k. It reported 6 employees.