Al & Friends Inc

Analysis

Al & Friends Inc is a registered charity in United States, based in Monterey, CA. It received its IRS tax-exemption ruling in August 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 November 2023, Al & Friends Inc reported income of $107k and spending of $84k, leaving 21% of income unspent that year. Across the 2 years on record, from November 2022 to November 2023, income grew from $74k to $107k (+44%), an average of +44% a year. The sharpest change came in the year to November 2023, when income rose by 44%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Al & Friends Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 41st percentile within CA. Charities of a similar size with the same main cause include Love Ministries Outreach International Inc ($107k), Bridges Pointe Housing Corporation ($107k) and Midland Park Childrens Love Fund Inc ($107k).

On its Form 990-EZ for the period ending November 2023, revenue came from contributions and grants 104% of the total. At year end it held assets of $45k against liabilities of $0, net assets of $45k.