Cardinal Hayes Home for Children

Analysis

Cardinal Hayes Home for Children is a registered charity in United States, based in Millbrook, NY. It received its IRS tax-exemption ruling in March 1946, 80 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 December 2023, Cardinal Hayes Home for Children reported income of $29.4m and spending of $27.8m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $23.8m to $29.4m (+24%), an average of +5.4% a year. The sharpest change came in the year to December 2022, when income rose by 22%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cardinal Hayes Home for Children sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Lawrence County Social Services Inc ($29.4m), Nysarc Inc ($29.5m) and Columbus Center for Human Services Inc ($29.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.7% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $440k (1.6% of expenses). Other salaries and wages came to $15.9m. At year end it held assets of $21.5m against liabilities of $4.8m, net assets of $16.7m. It reported 306 employees.