Ono Friends Inc

Analysis

Ono Friends Inc is a registered charity in United States, based in Hackensack, NJ. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Ono Friends Inc reported income of $460k and spending of $521k, spending 113% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $824k to $460k (-44%), an average of -44% a year. The sharpest change came in the year to December 2023, when income dropped by 44%. Over the whole period it spent 89% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Ono Friends Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 74th percentile within NJ. Charities of a similar size with the same main cause include New Narratives Inc ($460k), Rescate Venezuela Inc ($460k) and Sundouloi Ministries Inc ($460k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $30k (5.8% of expenses). At year end it held assets of $53k against liabilities of $0, net assets of $53k.