Best Friends for Life Inc

Analysis

Best Friends for Life Inc is a registered charity in United States, based in Laredo, TX. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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, Best Friends for Life Inc reported income of $255k and spending of $283k, spending 111% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $199k to $255k (+28%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 97% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Best Friends for Life Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 63rd percentile within TX. Charities of a similar size with the same main cause include Spot ($255k), Keeper of the Wild Wildlife Rescue and Sanctuary Inc ($255k) and Wise Animal Rescue ($255k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. At year end it held assets of $132k against liabilities of $0, net assets of $132k.