Fifth Avenue Counseling Center Inc

Analysis

Fifth Avenue Counseling Center Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 2010, 16 years ago. 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 June 2023, Fifth Avenue Counseling Center Inc reported income of $3.5m and spending of $3.6m, spending 101% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $3.3m to $3.5m (+8.3%), an average of +2.7% a year. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fifth Avenue Counseling Center Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Mid-Ohio Psychological Services Inc ($3.5m), Boy Scouts of America ($3.5m) and House of Hope for Recovery ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.0% and program service revenue 97% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $3.9m against liabilities of $227k, net assets of $3.6m. It reported 15 employees.