Buddys House Foundation of New Orleans Inc

Analysis

Buddys House Foundation of New Orleans Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Buddys House Foundation of New Orleans Inc reported income of $92k and spending of $24k, leaving 74% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $32k to $92k (+184%), an average of +184% a year. The sharpest change came in the year to December 2023, when income rose by 184%. Over the whole period it spent 26% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Buddys House Foundation of New Orleans Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 34th percentile within NY. Charities of a similar size with the same main cause include Soapbox Independent Publishing Center ($92k), Tri-City Latino Association Inc ($92k) and James River High School Band Boosters Inc ($92k).

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 $69k against liabilities of $0, net assets of $69k.