Be a Friend

Analysis

Be a Friend is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in November 2021, 5 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Be a Friend reported income of $170k and spending of $178k, spending 105% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $89k to $170k (+91%), an average of +91% a year. The sharpest change came in the year to December 2023, when income rose by 91%. Over the whole period it spent 102% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Be a Friend sits at the 55th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within NY. Charities of a similar size with the same main cause include Noodles & Company Foundation ($170k), Grace Foundation of Destin Inc ($170k) and College Access Fairfax ($170k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2,316 against liabilities of $0, net assets of $2,316.