Fifth Avenue Committee Incorporated

Analysis

Fifth Avenue Committee Incorporated is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in April 1979, 47 years ago. 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, Fifth Avenue Committee Incorporated reported income of $9.7m and spending of $9.0m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.6m to $9.7m (+48%), an average of +10% a year. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fifth Avenue Committee Incorporated sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include The Clinic for Special Children Inc ($9.7m), Volunteers of America Inc ($9.7m) and Land Institute ($9.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $441k (4.9% of expenses). Other salaries and wages came to $4.4m. It paid $22k in professional fundraising fees. At year end it held assets of $9.6m against liabilities of $3.4m, net assets of $6.2m. It reported 105 employees.