Be a Friend Project Inc

Analysis

Be a Friend Project Inc is a registered charity in United States, based in Beacon, NY. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Be a Friend Project Inc reported income of $217k and spending of $257k, spending 118% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $544k to $217k (-60%), an average of -60% a year. The sharpest change came in the year to December 2023, when income dropped by 60%. Over the whole period it spent 69% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Be a Friend Project Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include Meeting Place One Inc ($217k), Keeps Inc ($217k) and Lewis Educational Agricultural Farm ($217k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.9% of the total. Compensation of current officers, directors and key employees was $99k (38% of expenses). Other salaries and wages came to $36k. At year end it held assets of $254k against liabilities of $15k, net assets of $239k. It reported 4 employees.