Family Head Start

Analysis

Family Head Start is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in November 1986, 40 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Family Head Start reported income of $7.2m and spending of $7.2m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $8.9m to $7.2m (-19%), an average of -5.0% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Family Head Start sits at the 94th percentile: it is larger than about 94% 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 Mid-Delta Health Systems Inc ($7.2m), Kentucky Science and Technology Corporation ($7.2m) and Lowell Whiteman School ($7.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $368k (5.1% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $5.8m against liabilities of $5.7m, net assets of $72k. It reported 94 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.