The Family & Childrens Society Inc

Analysis

The Family & Childrens Society Inc is a registered charity in United States, based in Binghamton, NY. It received its IRS tax-exemption ruling in March 1965, 61 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, The Family & Childrens Society Inc reported income of $421k and spending of $529k, spending 126% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $5.5m to $421k (-92%), an average of -57% a year. The sharpest change came in the year to December 2021, when income dropped by 73%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Family & Childrens Society Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Wesbury Hillside Home ($421k), Choice Living Community ($421k) and Project Touch AIDS Network Inc ($421k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $142k. At year end it held assets of $119k against liabilities of $287k, net assets of -$167k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.