Childrens Aid and Family Services Inc

Analysis

Childrens Aid and Family Services Inc is a registered charity in United States, based in Paramus, NJ. It received its IRS tax-exemption ruling in December 1954, 72 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Childrens Aid and Family Services Inc reported income of $30.6m and spending of $29.8m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $18.1m to $30.6m (+68%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 39%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Childrens Aid and Family Services Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within NJ. Charities of a similar size with the same main cause include Morningstar Senior Living Inc ($30.6m), Coastal Bend Food Bank ($30.6m) and Learning Ally Inc ($30.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $492k (1.7% of expenses). Other salaries and wages came to $17.8m. At year end it held assets of $33.5m against liabilities of $15.5m, net assets of $18.0m. It reported 485 employees.