Family Enrichment Network Inc

Analysis

Family Enrichment Network Inc is a registered charity in United States, based in Johnson City, NY. It received its IRS tax-exemption ruling in April 1980, 46 years ago. Its declared purposes cover education, which this site groups under education and training. 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 October 2023, Family Enrichment Network Inc reported income of $12.5m and spending of $11.4m, spending 91% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $10.2m to $12.5m (+22%), an average of +5.2% a year. The sharpest change came in the year to October 2020, when income rose by 23%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Family Enrichment Network Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Maria L Varisco-Rogers Charter School ($12.5m), Opportunity Charter School ($12.5m) and Beyond 12 Education Inc ($12.5m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 88% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $276k (2.4% of expenses). Other salaries and wages came to $6.8m. At year end it held assets of $12.2m against liabilities of $3.4m, net assets of $8.9m. It reported 362 employees.