Friends of Faye

Analysis

Friends of Faye is a registered charity in United States, based in Conroe, TX. It received its IRS tax-exemption ruling in March 2021, 5 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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, Friends of Faye reported income of $158k and spending of $160k, spending 101% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $310k to $158k (-49%), an average of -28% a year. The sharpest change came in the year to December 2022, when income dropped by 39%. Over the whole period it spent 101% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Friends of Faye sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 52nd percentile within TX. Charities of a similar size with the same main cause include Boudreauxs Animal Rescue Krewe ($158k), Vets to Vets United Inc ($158k) and Community Cat Rescue and Adoption of Barron County Inc ($158k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1,363 against liabilities of $0, net assets of $1,363.