Bongolo Friends Inc

Analysis

Bongolo Friends Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in April 2020, 6 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, Bongolo Friends Inc reported income of $89k and spending of $124k, spending 138% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $85k to $89k (+5.8%), an average of +5.8% a year. Over the whole period it spent 112% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Bongolo Friends Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 32nd percentile within PA. Charities of a similar size with the same main cause include Zeta Sigma Foundation Inc ($89k), Love Inc of South Bay ($89k) and Keene Lions Foundation ($89k).

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 $134k against liabilities of $150, net assets of $134k.