Association to Benefit Children

Analysis

Association to Benefit Children is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 1991, 35 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, Association to Benefit Children reported income of $29.0m and spending of $28.4m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $23.1m to $29.0m (+25%), an average of +5.8% a year. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Association to Benefit Children 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 Community Village Inc ($29.0m), Bridgewater Home Inc ($29.0m) and Covenant Living at Shannondale ($28.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $676k (2.4% of expenses). Other salaries and wages came to $14.4m. At year end it held assets of $27.1m against liabilities of $4.2m, net assets of $22.9m. It reported 349 employees.