Federation Employment and Guidance Service Inc

Analysis

Federation Employment and Guidance Service Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 1951, 75 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Federation Employment and Guidance Service Inc reported income of $192k and spending of $2.5m, spending 1302% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.8m to $192k (-97%), an average of -57% a year. The sharpest change came in the year to June 2023, when income rose by 114%. Over the whole period it spent 195% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Federation Employment and Guidance Service Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within NY. Charities of a similar size with the same main cause include Lemmon Area Charitable and Economic Development Corporation ($192k), Thrive on Network ($192k) and Quality Growth Institute Inc ($192k).

Other salaries and wages came to $588k. At year end it held assets of $154k against liabilities of $25.1m, net assets of -$25.0m. It reported 5 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.