Childrens Rescue Fund

Analysis

Childrens Rescue Fund is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in March 1989, 37 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Childrens Rescue Fund reported income of $76.7m and spending of $77.5m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $26.6m to $76.7m (+188%), an average of +30% a year. The sharpest change came in the year to June 2023, when income rose by 119%. Over the whole period it spent 102% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Childrens Rescue Fund sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Catholic Community Foundation of Minnesota ($75.5m), United Way of Central Indiana Inc ($77.1m) and Winston-Salem Foundation ($73.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $537k (0.7% of expenses). Other salaries and wages came to $14.4m. At year end it held assets of $147.8m against liabilities of $146.6m, net assets of $1.1m. It reported 451 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.