Friends of University of Guelph

Analysis

Friends of University of Guelph is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 1975, 51 years ago. Its declared purposes cover education, which this site groups under education and training. 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 April 2024, Friends of University of Guelph reported income of $277k and spending of $276k, spending 100% of its income. Across the 3 years on record, from December 2021 to April 2024, income grew from $167k to $277k (+65%), an average of +29% a year. The sharpest change came in the year to December 2022, when income rose by 356%. Over the whole period it spent 120% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of University of Guelph sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include Wise Foundation ($277k), Cornerstone Project Inc ($277k) and Cpcoalition ($277k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $15k against liabilities of $0, net assets of $15k.