Federation of Neighborhood Centers Inc

Analysis

Federation of Neighborhood Centers Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in December 1964, 62 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Federation of Neighborhood Centers Inc reported income of $4.8m and spending of $4.1m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $774k to $4.8m (+515%), an average of +58% a year. The sharpest change came in the year to June 2021, when income rose by 134%. Over the whole period it spent 85% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Federation of Neighborhood Centers Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within PA. Charities of a similar size with the same main cause include Girl Scouts of Montana & Wyoming ($4.8m), American Heritage Girls Inc ($4.8m) and Boy Scouts of America ($4.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $133k (3.2% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $2.3m against liabilities of $378k, net assets of $1.9m. It reported 121 employees.