Buddy Cruise Inc

Analysis

Buddy Cruise Inc is a registered charity in United States, based in Lithia, FL. It received its IRS tax-exemption ruling in April 2009, 17 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Buddy Cruise Inc reported income of $234k and spending of $153k, leaving 35% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $255k to $234k (-8.1%), an average of -8.1% a year. Over the whole period it spent 65% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Buddy Cruise Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 60th percentile within FL. Charities of a similar size with the same main cause include Michiana Biblical Counseling Center Inc ($234k), Aneden Gives ($234k) and Chicago Service Office Inc ($234k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $36k (24% of expenses). At year end it held assets of $233k against liabilities of $3,855, net assets of $229k.