Faithful Friends Inc

Analysis

Faithful Friends Inc is a registered charity in United States, based in New Castle, DE. It received its IRS tax-exemption ruling in October 2001, 25 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 June 2023, Faithful Friends Inc reported income of $7.4m and spending of $3.7m, leaving 51% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.5m to $7.4m (+63%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 46%. Over the whole period it spent 62% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Faithful Friends Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within DE. Charities of a similar size with the same main cause include Greater Birmingham Humane Society ($7.3m), Friends of the Sea Lion Inc ($7.4m) and Humane Society of Indianapolis Inc ($7.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 43% and program service revenue 5.7% of the total. Compensation of current officers, directors and key employees was $113k (3.1% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $13.7m against liabilities of $1.7m, net assets of $12.0m. It reported 159 employees.