Franziska Racker Centers Inc

Analysis

Franziska Racker Centers Inc is a registered charity in United States, based in Ithaca, NY. It received its IRS tax-exemption ruling in January 1969, 57 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, Franziska Racker Centers Inc reported income of $47.6m and spending of $46.5m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $41.8m to $47.6m (+14%), an average of +3.3% a year. The sharpest change came in the year to December 2022, when income rose by 16%. 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, Franziska Racker Centers Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include North Hill Needham Inc ($47.5m), Global Alliance for Improved Nutrition ($47.6m) and Garden Spot Village ($47.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $234k (0.5% of expenses). Other salaries and wages came to $29.2m. At year end it held assets of $26.9m against liabilities of $7.2m, net assets of $19.7m. It reported 956 employees.