Edwin Gould Services for Children and Families

Analysis

Edwin Gould Services for Children and Families is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1943, 83 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 June 2023, Edwin Gould Services for Children and Families reported income of $1.3m and spending of $1.3m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $30.5m to $1.3m (-96%), an average of -55% a year. The sharpest change came in the year to June 2023, when income dropped by 85%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Edwin Gould Services for Children and Families sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Greater Tucson Lions Senior Citizens Foundation Inc ($1.3m), Delaware Agricultural Museum Association ($1.3m) and Canton Montessori Association ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 106% of the total. Other salaries and wages came to $728k. At year end it held assets of $4.9m against liabilities of $6.3m, net assets of -$1.4m.