Giving Friends

Analysis

Giving Friends is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in July 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Giving Friends reported income of $97k and spending of $63k, leaving 35% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $74k to $97k (+30%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 68% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Giving Friends sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within NY. Charities of a similar size with the same main cause include Society of St Vincent de Paul Council of Northern Kentucky ($97k), Grosse Pointe South HS Booster Club ($97k) and Friends of Bradleys House of Hope ($97k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 64% of the total. At year end it held assets of $94k against liabilities of $0, net assets of $94k.