Family Services of Westchester Inc

Analysis

Family Services of Westchester Inc is a registered charity in United States, based in Tarrytown, NY. It received its IRS tax-exemption ruling in June 1955, 71 years ago. 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, Family Services of Westchester Inc reported income of $33.0m and spending of $32.9m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $22.7m to $33.0m (+45%), an average of +9.8% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Family Services of Westchester Inc sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Bioversity International ($33.0m), Homebridge Inc ($33.1m) and Community Foundations of the Hudson Valley ($33.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $150k (0.5% of expenses). Other salaries and wages came to $17.1m. At year end it held assets of $21.3m against liabilities of $14.2m, net assets of $7.0m. It reported 524 employees.