Carl Fenichel Community Services Inc

Analysis

Carl Fenichel Community Services Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in February 1977, 49 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Carl Fenichel Community Services Inc reported income of $11.4m and spending of $10.7m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $21.3m to $11.4m (-46%), an average of -14% a year. The sharpest change came in the year to June 2022, when income rose by 70%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Carl Fenichel Community Services 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 95th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Ocean Academy Charter School ($11.4m), Valencia College Foundation ($11.4m) and Big West Conference ($11.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.2% and program service revenue 94% of the total. Other salaries and wages came to $4.1m. At year end it held assets of $41.0m against liabilities of $34.4m, net assets of $6.6m.