The Childrens Center at Farmingdale State University of New York

Analysis

The Childrens Center at Farmingdale State University of New York is a registered charity in United States, based in Farmingdale, NY. It received its IRS tax-exemption ruling in February 1986, 40 years ago. 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 August 2023, The Childrens Center at Farmingdale State University of New York reported income of $1.2m and spending of $1.3m, spending 103% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.3m to $1.2m (-1.9%), an average of -0.5% a year. The sharpest change came in the year to August 2021, when income rose by 48%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Childrens Center at Farmingdale State University of New York sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Bow Collective ($1.2m), Harlem Commonwealth Council Inc ($1.2m) and Wolf Point Clinic Association Inc ($1.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 6.2% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $65k (5.1% of expenses). Other salaries and wages came to $699k. At year end it held assets of $1.4m against liabilities of $87k, net assets of $1.3m.