Spence-Chapin Services to Families and Children

Analysis

Spence-Chapin Services to Families and Children is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 1968, 58 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 June 2023, Spence-Chapin Services to Families and Children reported income of $10.6m and spending of $7.5m, leaving 29% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.9m to $10.6m (+117%), an average of +21% a year. The sharpest change came in the year to June 2020, when income rose by 97%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Spence-Chapin Services to Families and Children sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Urban League of Louisiana ($10.6m), The Watson Institute ($10.6m) and Fort Bend County Womens Center Inc ($10.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $691k (9.2% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $63.4m against liabilities of $8.2m, net assets of $55.2m. It reported 50 employees.