Friendly Fridge Foundation Inc

Analysis

Friendly Fridge Foundation Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Friendly Fridge Foundation Inc reported income of $199k and spending of $222k, spending 111% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $6,690 to $199k (+2878%), an average of +446% a year. The sharpest change came in the year to December 2022, when income rose by 794%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friendly Fridge Foundation Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within NY. Charities of a similar size with the same main cause include Wisconsin Association of Community Services Prog Training Project Inc ($199k), Washington County Senior Citizens Service Inc ($199k) and Cooperation Station ($199k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $3,415 against liabilities of $0, net assets of $3,415.