Families Together in New York State Inc

Analysis

Families Together in New York State Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in March 1996, 30 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, Families Together in New York State Inc reported income of $4.1m and spending of $3.9m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.3m to $4.1m (+22%), an average of +5.2% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Families Together in New York State Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Our Own Non Profit Inc ($4.1m), Alternative Learning Center ($4.1m) and Kanawha Valley Senior Services Inc ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $283k (7.2% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $1.6m against liabilities of $511k, net assets of $1.1m. It reported 49 employees.