Nanuet Family Resources Center Inc

Analysis

Nanuet Family Resources Center Inc is a registered charity in United States, based in Nanuet, NY. It received its IRS tax-exemption ruling in December 2007, 19 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Nanuet Family Resources Center Inc reported income of $1.2m and spending of $975k, spending 82% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $739k to $1.2m (+60%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 161%. Over the whole period it spent 81% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Nanuet Family Resources Center Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include No Boundaries Transitional Housing Inc ($1.2m), Glenda G Morgan Charitable Foundation Inc ($1.2m) and United Way of Davidson County Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $103k (11% of expenses). Other salaries and wages came to $683k. At year end it held assets of $1.8m against liabilities of $135k, net assets of $1.6m. It reported 67 employees.