Good Friends Inc

Analysis

Good Friends Inc is a registered charity in United States, based in Murrysville, PA. It received its IRS tax-exemption ruling in July 1985, 41 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 Friends Inc reported income of $886k and spending of $880k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $886k (-16%), an average of -4.2% a year. The sharpest change came in the year to December 2020, when income dropped by 21%. Over the whole period it spent 100% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Good Friends Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 76th percentile within PA. Charities of a similar size with the same main cause include Kistner Foundation Inc ($886k), Air Camp Inc ($886k) and Empire Soccer Club Inc ($885k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $97k. At year end it held assets of $28k against liabilities of $0, net assets of $28k. It reported 6 employees.