Bosom Buddies Benefit Organization

Analysis

Bosom Buddies Benefit Organization is a registered charity in United States, based in Weddington, NC. It received its IRS tax-exemption ruling in May 2009, 17 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Bosom Buddies Benefit Organization reported income of $104k and spending of $200k, spending 193% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $43k to $104k (+144%), an average of +56% a year. The sharpest change came in the year to December 2022, when income rose by 94%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bosom Buddies Benefit Organization sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within NC. Charities of a similar size with the same main cause include Assistance League of Garden Grove ($104k), Alliance for Pharmaceutical Access Incorporated ($104k) and Spinal Muscular Atrophy Research Team ($104k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 48% of the total. At year end it held assets of $126k against liabilities of $0, net assets of $126k.