Two Grateful Friends Inc

Analysis

Two Grateful Friends Inc is a registered charity in United States, based in Peabody, MA. It received its IRS tax-exemption ruling in July 2015, 11 years ago. Its declared purposes cover health care, 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 December 2022, Two Grateful Friends Inc reported income of $126k and spending of $125k, spending 100% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $108k to $126k (+17%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 17%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Two Grateful Friends Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 49th percentile within MA. Charities of a similar size with the same main cause include Heart and Health Educational Foundation Inc ($126k), Riverwood Medical Properties LLC ($126k) and 10 Seconds Inc ($126k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 45% of the total. At year end it held assets of $22k against liabilities of $1,710, net assets of $20k.