Family Annex Inc

Analysis

Family Annex Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 1998, 28 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 August 2023, Family Annex Inc reported income of $1.0m and spending of $1.1m, spending 105% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $926k to $1.0m (+8.8%), an average of +2.1% a year. The sharpest change came in the year to August 2022, when income rose by 18%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Annex Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Young Mens Christian Association of Fort Madison Iowa ($1.0m), Helping Hands East Bay ($1.0m) and The Latina Center ($1.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 8.6% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $161k (15% of expenses). Other salaries and wages came to $635k. At year end it held assets of $1.7m against liabilities of $718k, net assets of $973k. It reported 24 employees.