Bobbies Place Inc

Analysis

Bobbies Place Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in December 2021, 5 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, Bobbies Place Inc reported income of $1.5m and spending of $1.4m, spending 93% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $1.1m to $1.5m (+36%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 45%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bobbies Place Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Can D Aid ($1.5m), Kyjo Enterprises Inc ($1.5m) and Greenagers Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $881k against liabilities of $0, net assets of $881k.