Having Friends Inc

Analysis

Having Friends Inc is a registered charity in United States, based in Sayville, NY. It received its IRS tax-exemption ruling in February 2017, 9 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Having Friends Inc reported income of $64k and spending of $47k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $66k to $64k (-2.9%), an average of -2.9% a year. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Having Friends Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 26th percentile within NY. Charities of a similar size with the same main cause include Poor Peoples United Fund Inc ($64k), Harvey & Ellen Weisenberg Special Needs Resource Corp ($64k) and Valley Spectrum Support Services ($64k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $132k against liabilities of $0, net assets of $132k.