Otsar Family Services Inc

Analysis

Otsar Family Services Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in June 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, Otsar Family Services Inc reported income of $3.8m and spending of $3.4m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.4m to $3.8m (+12%), an average of +2.8% a year. The sharpest change came in the year to June 2022, when income rose by 37%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Otsar Family Services Inc sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Servicesource Foundation Inc ($3.8m), People for People Incorporated ($3.8m) and Community Action Center Inc ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $20k (0.6% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $3.5m against liabilities of $628k, net assets of $2.9m. It reported 136 employees.