Sistahfriends

Analysis

Sistahfriends is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 2008, 18 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 December 2023, Sistahfriends reported income of $522k and spending of $519k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $144k to $522k (+261%), an average of +261% a year. The sharpest change came in the year to December 2023, when income rose by 261%. 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, Sistahfriends sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include Waynesboro New Hope Shelter Inc ($522k), Marvel Center Inc ($522k) and Employees Day Care Corporation ($521k).

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 $64k (12% of expenses). Other salaries and wages came to $204k. At year end it held assets of $54k against liabilities of $61k, net assets of -$7,010. It reported 12 employees.