Sanctuary for Families Inc

Analysis

Sanctuary for Families Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 1987, 39 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, Sanctuary for Families Inc reported income of $27.3m and spending of $29.1m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $23.7m to $27.3m (+15%), an average of +3.6% a year. The sharpest change came in the year to June 2022, when income rose by 31%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sanctuary for Families Inc sits at the 98th 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 Info Line of San Diego County ($27.2m), Jackson County Community Childrens Service Fund ($27.3m) and Cal Farleys Boys Ranch Foundation ($27.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $820k (2.8% of expenses). Other salaries and wages came to $16.1m. At year end it held assets of $45.9m against liabilities of $20.6m, net assets of $25.3m. It reported 324 employees.