Good Friends

Analysis

Good Friends is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in January 1989, 37 years ago. 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, Good Friends reported income of $607k and spending of $506k, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $500k to $607k (+21%), an average of +5.0% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Good Friends sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within NC. Charities of a similar size with the same main cause include Gulf Coast Youth Soccer Club Inc ($607k), St Lukes Medical Clinic ($607k) and Half Hollow Hills Swim Club Inc ($606k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $437k against liabilities of $0, net assets of $437k.