Friends of Bombay Hook Inc

Analysis

Friends of Bombay Hook Inc is a registered charity in United States, based in Smyrna, DE. It received its IRS tax-exemption ruling in July 1992, 34 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Friends of Bombay Hook Inc reported income of $76k and spending of $39k, leaving 49% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income grew from $58k to $76k (+32%), an average of +32% a year. The sharpest change came in the year to September 2023, when income rose by 32%. Over the whole period it spent 55% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Friends of Bombay Hook Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 27th percentile within DE. Charities of a similar size with the same main cause include Saddle River Valley Lions Charities Inc ($76k), Rotary Club of Middlebury Vermont Inc ($76k) and Hallsvile Athletic Boosters ($76k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 17% of the total. At year end it held assets of $189k against liabilities of $4,486, net assets of $185k.