Ferncliff Manor Inc

Analysis

Ferncliff Manor Inc is a registered charity in United States, based in Yonkers, NY. It received its IRS tax-exemption ruling in January 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ferncliff Manor Inc reported income of $4.8m and spending of $4.2m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $4.8m (+233%), an average of +35% a year. The sharpest change came in the year to June 2022, when income rose by 109%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ferncliff Manor Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include First Step-Western Wayne County Project on Domestic Assault ($4.8m), Jewish Community Center of Greater Albuquerque Inc ($4.8m) and Lincoln Self Reliance Incorporated ($4.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $71k (1.7% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $6.7m against liabilities of $4.7m, net assets of $2.0m. It reported 98 employees.