321 Buddy Fundraising

Analysis

321 Buddy Fundraising is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in February 2022, 4 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, 321 Buddy Fundraising reported income of $72k and spending of $22k, leaving 70% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $76k to $72k (-5.3%), an average of -5.3% a year. Over the whole period it spent 22% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, 321 Buddy Fundraising sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 23rd percentile within WA. Charities of a similar size with the same main cause include Warrenton Senior Citizens Inc ($72k), SBC Community Center ($72k) and Rancho Cucamonga Firefighters Benevolent Fund ($72k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 45% of the total. At year end it held assets of $50k against liabilities of $0, net assets of $50k.