Family & Childrens Agency Inc

Analysis

Family & Childrens Agency Inc is a registered charity in United States, based in Norwalk, CT. It received its IRS tax-exemption ruling in February 1994, 32 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 June 2023, Family & Childrens Agency Inc reported income of $15.1m and spending of $15.3m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $18.2m to $15.1m (-17%), an average of -4.5% a year. The sharpest change came in the year to June 2023, when income dropped by 16%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family & Childrens Agency Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CT. Charities of a similar size with the same main cause include Mohawk Valley Community Action Agency Inc ($15.1m), Catholic Charities of Staten Island Inc ($15.1m) and Mamba and Mambacita Sports Foundation ($15.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $466k (3.1% of expenses). Other salaries and wages came to $8.1m. At year end it held assets of $6.9m against liabilities of $1.5m, net assets of $5.4m. It reported 227 employees.