My Friend Abby Inc

Analysis

My Friend Abby Inc is a registered charity in United States, based in Trumbull, CT. It received its IRS tax-exemption ruling in January 2020, 6 years ago. 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 June 2023, My Friend Abby Inc reported income of $121k and spending of $168k, spending 139% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $232k to $121k (-48%), an average of -48% a year. The sharpest change came in the year to June 2023, when income dropped by 48%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, My Friend Abby Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within CT. Charities of a similar size with the same main cause include National Registry of Certified Chemists ($121k), Friends of Stonerose Fossils ($121k) and Wilcox Endowment Inc ($121k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $130k (77% of expenses). At year end it held assets of $192k against liabilities of $3,211, net assets of $189k.