Fedcap Rehabilitation Services Inc

Analysis

Fedcap Rehabilitation Services Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1939, 87 years ago. 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 September 2023, Fedcap Rehabilitation Services Inc reported income of $103.3m and spending of $97.0m, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $183.7m to $103.3m (-44%), an average of -13% a year. The sharpest change came in the year to September 2023, when income dropped by 26%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fedcap Rehabilitation Services Inc sits at the 100th 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 99th percentile within NY. Charities of a similar size with the same main cause include University Family Physicians Inc ($103.3m), Community Action Partnership of San Luis Obispo County Inc ($104.1m) and The University of the Virgin Islands ($102.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.3% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $329k (0.3% of expenses). Other salaries and wages came to $45.1m. At year end it held assets of $127.7m against liabilities of $89.4m, net assets of $38.3m. It reported 1,508 employees.