Thats What Friends Are for Inc

Analysis

Thats What Friends Are for Inc is a registered charity in United States, based in Augusta, GA. It received its IRS tax-exemption ruling in April 2009, 17 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, Thats What Friends Are for Inc reported income of $347k and spending of $376k, spending 108% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $228k to $347k (+52%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 42%. Over the whole period it spent 97% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Thats What Friends Are for Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 68th percentile within GA. Charities of a similar size with the same main cause include Hoffmeyer Animal Rescue Inc ($347k), Aalas Foundation ($347k) and Foxy and the Hounds ($347k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $42k against liabilities of $0, net assets of $42k.