Family Service Society of Yonkers

Analysis

Family Service Society of Yonkers is a registered charity in United States, based in Yonkers, NY. It received its IRS tax-exemption ruling in December 1934, 92 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 December 2023, Family Service Society of Yonkers reported income of $13.2m and spending of $13.7m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $13.2m to $13.2m (+0.2%), an average of +0.0% a year. The sharpest change came in the year to December 2022, when income rose by 30%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Service Society of Yonkers sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Genesis Womens Shelter & Support ($13.2m), Central Coast Energy Services Inc ($13.2m) and Just One More Ministry Inc ($13.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $300k (2.2% of expenses). Other salaries and wages came to $8.6m. At year end it held assets of $12.2m against liabilities of $2.3m, net assets of $9.9m. It reported 351 employees.