Friends of the Bridegroom Ltd

Analysis

Friends of the Bridegroom Ltd is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in September 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 of the Bridegroom Ltd reported income of $1.0m and spending of $52k, leaving 95% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $27k to $1.0m (+3838%), an average of +3838% a year. The sharpest change came in the year to December 2023, when income rose by 3838%. Over the whole period it spent 4.9% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Friends of the Bridegroom Ltd sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within WI. Charities of a similar size with the same main cause include Dawat-E-Islami Inc ($1.0m), Minnesota Dawah Institute ($1.0m) and World Carp Inc ($1.0m).

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 $1.0m against liabilities of $1,644, net assets of $1.0m.