Friends of Bobov Toronto Inc

Analysis

Friends of Bobov Toronto Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation (type iii other) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of Bobov Toronto Inc reported income of $126k and spending of $96k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $233k to $126k (-46%), an average of -14% a year. The sharpest change came in the year to December 2020, when income dropped by 47%. Over the whole period it spent 71% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Friends of Bobov Toronto Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 42nd percentile within NY. Charities of a similar size with the same main cause include Truth Alive Ministries ($126k), Metropolitan Buddhist Center Inc ($126k) and Christian Television Network Inc ($126k).

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 $246k against liabilities of $0, net assets of $246k.