Buddys Second Chance Rescue Inc

Analysis

Buddys Second Chance Rescue Inc is a registered charity in United States, based in Amherst, NY. It received its IRS tax-exemption ruling in December 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Buddys Second Chance Rescue Inc reported income of $678k and spending of $626k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $195k to $678k (+247%), an average of +36% a year. The sharpest change came in the year to December 2020, when income rose by 111%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Buddys Second Chance Rescue Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Blooming Grove Day Care Center Inc ($678k), Lead4tomorrow ($678k) and Disability in Action Inc ($678k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $65k (10% of expenses). Other salaries and wages came to $70k. At year end it held assets of $1.1m against liabilities of $563k, net assets of $535k. It reported 3 employees.