Findlay House Inc

Analysis

Findlay House Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in December 1972, 54 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Findlay House Inc reported income of $1.9m and spending of $2.3m, spending 125% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income fell from $1.9m to $1.9m (-3.5%), an average of -0.9% a year. Over the whole period it spent 119% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Findlay House Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Eastern Area Adult Services Inc ($1.9m), Inner-County Outreach Inc ($1.9m) and Ani Ledodi Inc ($1.9m).

On its Form 990 for the period ending March 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $351k. At year end it held assets of $3.7m against liabilities of $7.5m, net assets of -$3.8m. It reported 7 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.