Family Residences and Essential Enterprises Inc

Analysis

Family Residences and Essential Enterprises Inc is a registered charity in United States, based in Old Bethpage, NY. It received its IRS tax-exemption ruling in July 1978, 48 years ago. Its declared purposes cover mental health and crisis intervention, 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, Family Residences and Essential Enterprises Inc reported income of $157.1m and spending of $155.1m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $115.3m to $157.1m (+36%), an average of +8.0% a year. The sharpest change came in the year to December 2022, when income rose by 40%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Family Residences and Essential Enterprises 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 100th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Mountain Park Health Center ($156.6m), Lifelink Foundation Inc ($157.2m) and Methodist Fremont Health ($156.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.3% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $2.6m (1.7% of expenses). Other salaries and wages came to $83.0m. At year end it held assets of $99.9m against liabilities of $64.4m, net assets of $35.5m. It reported 2,273 employees.