Multifunctional Family Services Inc

Analysis

Multifunctional Family Services Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in October 1998, 28 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Multifunctional Family Services Inc reported income of $1.6m and spending of $1.1m, leaving 36% of income unspent that year. Across the 3 years on record, from June 2020 to June 2023, income fell from $1.9m to $1.6m (-13%), an average of -6.6% a year. The sharpest change came in the year to June 2022, when income dropped by 16%. Over the whole period it spent 60% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Multifunctional Family Services Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Families Uniting Families ($1.6m), Masters Manna Inc ($1.6m) and Project Bee ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 95% of the total. Compensation of current officers, directors and key employees was $161k (15% of expenses). Other salaries and wages came to $464k. At year end it held assets of $10.6m against liabilities of $37k, net assets of $10.6m. It reported 24 employees.