The Buddy Program Inc

Analysis

The Buddy Program Inc is a registered charity in United States, based in Aspen, CO. It received its IRS tax-exemption ruling in June 1991, 35 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 December 2023, The Buddy Program Inc reported income of $2.3m and spending of $2.2m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $2.3m (+52%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 49%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Buddy Program Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CO. Charities of a similar size with the same main cause include Dawson Place Inc ($2.3m), Community Improvement Corporation ($2.3m) and M S Hershey TW DTSD 47f105010 ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $175k (8.1% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $3.7m against liabilities of $160k, net assets of $3.5m. It reported 43 employees.