Friends of Bananas Incorporated

Analysis

Friends of Bananas Incorporated is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in November 2006, 20 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, Friends of Bananas Incorporated reported income of $226k and spending of $727, leaving 100% of income unspent that year. The sharpest change came in the year to June 2022, when income rose by 2334%. Over the whole period it spent 9.6% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Friends of Bananas Incorporated sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include Pueblo Organizado En Defensa de LA Tierra Y Sus Recursos ($226k), Midtown Elizabeth District Management Corporation Inc ($226k) and Queen City Bicycle Collective ($226k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% of the total. At year end it held assets of $1.6m against liabilities of $1.3m, net assets of $393k.