Fantastic Friends of Wny Inc

Analysis

Fantastic Friends of Wny Inc is a registered charity in United States, based in Orchard Park, NY. It received its IRS tax-exemption ruling in January 2018, 8 years ago. Its declared purposes cover human services, 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, Fantastic Friends of Wny Inc reported income of $267k and spending of $227k, spending 85% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $230k to $267k (+16%), an average of +7.6% a year. The sharpest change came in the year to December 2023, when income rose by 90%. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fantastic Friends of Wny Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include Gaining Ground ($266k), Bismarck Global Neighbors ($267k) and Lee County Homeless Coalition Inc ($266k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $58k (26% of expenses). At year end it held assets of $152k against liabilities of $0, net assets of $152k. It reported 10 employees.