Friends for Life Animal Rescue

Analysis

Friends for Life Animal Rescue is a registered charity in United States, based in Paramus, NJ. It received its IRS tax-exemption ruling in May 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 (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, Friends for Life Animal Rescue reported income of $72k and spending of $68k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $115k to $72k (-37%), an average of -37% a year. The sharpest change came in the year to December 2023, when income dropped by 37%. Over the whole period it spent 88% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Friends for Life Animal Rescue sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 36th percentile within NJ. Charities of a similar size with the same main cause include Irish Water Spaniel Club of America ($72k), House of Broken Cookies ($72k) and Habitat 4 Paws a Humane Society Inc ($72k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 88% of the total. At year end it held assets of $44k against liabilities of $1,112, net assets of $43k.