Faces Ny Inc

Analysis

Faces Ny Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 1989, 37 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Faces Ny Inc reported income of $3.9m and spending of $4.1m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.8m to $3.9m (+1.6%), an average of +0.4% a year. Over the whole period it spent 105% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Faces Ny Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($3.9m), Merry Go Round Inc ($3.9m) and One Roof Community Housing ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $1.9m against liabilities of $1.3m, net assets of $581k. It reported 38 employees.