Best Buddies International Inc

Analysis

Best Buddies International Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in March 1989, 37 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 December 2023, Best Buddies International Inc reported income of $40.8m and spending of $39.7m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $32.5m to $40.8m (+26%), an average of +5.9% a year. The sharpest change came in the year to December 2021, when income rose by 60%. Over the whole period it spent 86% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Best Buddies International 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 98th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include Lifesong for Orphans Inc ($39.8m), Opportunity International Inc ($40.9m) and Internet Society Foundation ($39.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 108% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $836k (2.1% of expenses). Other salaries and wages came to $22.2m. At year end it held assets of $40.7m against liabilities of $5.1m, net assets of $35.6m. It reported 506 employees.