Federation of Protestant Welfare Agencies Inc

Analysis

Federation of Protestant Welfare Agencies Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1934, 92 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 (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, Federation of Protestant Welfare Agencies Inc reported income of $5.2m and spending of $8.4m, spending 160% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.3m to $5.2m (-0.4%), an average of -0.1% a year. The sharpest change came in the year to December 2021, when income rose by 184%. Over the whole period it spent 130% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Federation of Protestant Welfare Agencies Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Jewish Family Services of Broward Foundation Inc ($5.2m), Opera Colorado Foundation ($5.2m) and Davie Community Foundation Inc ($5.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 4.2% of the total. Compensation of current officers, directors and key employees was $1.1m (13% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $78.6m against liabilities of $10.8m, net assets of $67.8m. It reported 40 employees.