Buddy Up for Life Inc

Analysis

Buddy Up for Life Inc is a registered charity in United States, based in New Albany, OH. It received its IRS tax-exemption ruling in April 2010, 16 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Buddy Up for Life Inc reported income of $592k and spending of $513k, spending 87% of its income. Across the 6 years on record, from December 2019 to March 2024, income grew from $275k to $592k (+115%), an average of +16% a year. The sharpest change came in the year to March 2021, when income rose by 86%. Over the whole period it spent 75% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Buddy Up for Life Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within OH. Charities of a similar size with the same main cause include North Omaha Area Health ($592k), Dignity Health Foundation ($592k) and Elija Farm Inc ($592k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 98% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $85k (17% of expenses). At year end it held assets of $801k against liabilities of $129k, net assets of $673k. It reported 4 employees.