Making a Difference with the Friends of Bill McKoy Foundation

Analysis

Making a Difference with the Friends of Bill McKoy Foundation is a registered charity in United States, based in Paterson, NJ. It received its IRS tax-exemption ruling in March 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Making a Difference with the Friends of Bill McKoy Foundation reported income of $79k and spending of $105k, spending 133% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $121k to $79k (-35%), an average of -34% a year. The sharpest change came in the year to December 2023, when income dropped by 35%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Making a Difference with the Friends of Bill McKoy Foundation sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 38th percentile within NJ. Charities of a similar size with the same main cause include Greater Hampton Roads Diaper Bank ($79k), Challis Senior Citizens Inc ($79k) and Deerfield Valley Community Cares ($79k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $12k against liabilities of $0, net assets of $12k.