Best Friends Foundation
Only null% goes to programs Strong reserves Growing revenue
Best Friends Foundation is a 501(c)(3) organization based in Chevy Chase, Maryland, registered in 1994, with $1,069,511 in FY2022 revenue. CharityIndex grades it C+.
4 Laurel Pkwy, Chevy Chase, MD, 20815 EIN 52-1844471 Since 1994
Revenue (FY2022)
$1.1M
▲ 51.2% vs prior year
Education median: $200K
Expenses (FY2022)
$688K
Net assets
$566K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Best Friends Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating10 mo reserves · +36% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Best Friends Foundation: 10 mo reserves · +36% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Best Friends Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Best Friends Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 4 Laurel Pkwy, Chevy Chase, MD, 20815
- City
- Chevy Chase
- State
- Maryland
- Category
- Education
- Subcategory
- Educational Services
- Website
- …
Financial trends
Revenue grew from $141K (FY2013) to $1.1M (FY2022) across 9 reported years.
Financial snapshot
Financial health & position (FY2022)
Liabilities $2,031Net assets $566K
Operating margin
35.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$568K
Total liabilities
$2,031
Net assets
$566K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2022 | $1,069,511▲51.2% | $687,530▲5.6% | $566,408▲207% | $568,439▲201% | 990PF |
| 2021 | $707,252▲7.3% | $651,075▼0.2% | $184,427▲43.8% | $188,750▲23.5% | 990PF |
| 2020 | $659,336▲22.6% | $652,481▲45.1% | $128,250▲0.1% | $152,807▲2.0% | 990PF |
| 2019 | $537,730▲18.4% | $449,725▲4.9% | $128,123▲217% | $149,768▲209% | 990 |
| 2018 | $454,191▼19.4% | $428,845▼21.5% | $40,368▼79.2% | $48,484▼75.2% | 990 |
| 2017 | $563,503▲6.4% | $546,345▼2.6% | $194,017▲639% | $195,178▲128% | 990 |
| 2016 | $529,776▲296% | $560,775▲271% | $26,241▲1.2% | $85,492▲176% | 990 |
| 2014 | $133,665▼5.5% | $151,096▲146% | $25,940▼40.2% | $30,976▼57.8% | 990 |
| 2013 | $141,451 | $61,464▼67.8% | $43,371▲13.0% | $73,459▲2.3% | 990 |
| 2012 | — | $191,065▼77.1% | $38,384▼85.5% | $71,778▼78.6% | 990 |
| 2010 | — | $835,100▼39.9% | $264,242▼43.5% | $334,841▼40.0% | 990 |
| 2009 | — | $1,389,261 | $467,894 | $558,151 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $190K total
10 grants to Best Friends Foundation totaling $190K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Network For Good Inc | Unrestricted | 2022 | $12,211 |
| Network For Good Inc | Unrestricted | 2020 | $13,208 |
| Network For Good Inc | Unrestricted | 2019 | $6,069 |
| Strada Education Foundation Inc | Operating grant | 2018 | $50,000 |
| Community Foundation of Greater Memphis Inc | General operational support | 2018 | $1,000 |
| Community Foundation of Greater Memphis Inc | General operational support | 2018 | $1,000 |
| Strada Education Foundation Inc | Operating grant | 2015 | $100,000 |
| National Christian Charitable Foundation | Children and youth services | 2015 | $5,000 |
| Community Foundation of Greater Memphis Inc | From betty & alex boyle | 2015 | $1,000 |
| National Christian Charitable Foundation | Children and youth services | 2014 | $1,000 |
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Frequently asked questions
- Is Best Friends Foundation a legitimate nonprofit?
- Yes. Best Friends Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 52-1844471, based in Chevy Chase, Maryland. Donations are tax-deductible.
- What is Best Friends Foundation's EIN?
- Best Friends Foundation's Employer Identification Number (EIN) is 52-1844471.
- How much revenue does Best Friends Foundation report?
- Best Friends Foundation reported $1,069,511 in total revenue on its fiscal year 2022 IRS Form 990 filing.
- What financial grade does Best Friends Foundation have?
- CharityIndex grades Best Friends Foundation C+, based on financial health (reserves and operating margin).
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Data for Best Friends Foundation (EIN 52-1844471) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.