Family Services Network of New York

Analysis

Family Services Network of New York is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 1982, 44 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 Services Network of New York reported income of $7.3m and spending of $6.9m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $8.6m to $7.3m (-15%), an average of -4.0% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Services Network of New York sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Mujeres Unidas Y Activas ($7.3m), Glen Eddy Inc ($7.3m) and Camp Courageous of Iowa ($7.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Other salaries and wages came to $3.5m. At year end it held assets of $3.2m against liabilities of $2.0m, net assets of $1.2m. It reported 75 employees.