Good Friends of Wilmington

Analysis

Good Friends of Wilmington is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in October 1997, 29 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, Good Friends of Wilmington reported income of $132k and spending of $84k, leaving 36% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $123k to $132k (+7.2%), an average of +7.2% a year. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Good Friends of Wilmington sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within NC. Charities of a similar size with the same main cause include Grace of Giving ($131k), Cavalier Thrift Store ($132k) and Foundations for Recovery Corporation ($131k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $217k against liabilities of $0, net assets of $217k.