The Fortune Society Inc

Analysis

The Fortune Society Inc is a registered charity in United States, based in Long Island City, NY. It received its IRS tax-exemption ruling in June 1969, 57 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, The Fortune Society Inc reported income of $65.3m and spending of $62.7m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $34.6m to $65.3m (+89%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 43%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Fortune Society Inc 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 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Blanchard Valley Health System ($65.3m), Neighborhood Outreach Access to Health ($65.3m) and California Rural Indian Health Board Inc ($65.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 3.5% of the total. Compensation of current officers, directors and key employees was $1.1m (1.8% of expenses). Other salaries and wages came to $28.3m. It paid $70k in professional fundraising fees. At year end it held assets of $63.2m against liabilities of $36.9m, net assets of $26.3m. It reported 904 employees.