Family Center Inc

Analysis

Family Center Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in February 1997, 29 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, Family Center Inc reported income of $6.5m and spending of $6.6m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.4m to $6.5m (+1.5%), an average of +0.4% a year. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Center Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Foundation for Depelchin Childrens Center ($6.5m), The Family Counseling Center of Fulton County Inc ($6.5m) and Holy Family Day Homes of San Francisco ($6.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 6.7% of the total. Compensation of current officers, directors and key employees was $751k (11% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $5.9m against liabilities of $2.3m, net assets of $3.6m. It reported 106 employees.