Friends of the Bridegroom

Analysis

Friends of the Bridegroom is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in April 2000, 26 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Friends of the Bridegroom reported income of $276k and spending of $340k, spending 123% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income fell from $927k to $276k (-70%), an average of -45% a year. The sharpest change came in the year to June 2022, when income dropped by 70%. Over the whole period it spent 43% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Friends of the Bridegroom sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within MO. Charities of a similar size with the same main cause include West Virginia Institute for Spirituality Inc ($276k), Reach Ministries Inc ($276k) and Cathedral Connection Ministry Inc ($276k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 3.6% of the total. Compensation of current officers, directors and key employees was $14k (4.1% of expenses). Other salaries and wages came to $37k. At year end it held assets of $55k against liabilities of $1,457, net assets of $54k. It reported 4 employees.