Fair Acres Family Y Inc

Analysis

Fair Acres Family Y Inc is a registered charity in United States, based in Carthage, MO. It received its IRS tax-exemption ruling in November 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Fair Acres Family Y Inc reported income of $2.0m and spending of $2.1m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.8m to $2.0m (-30%), an average of -8.6% a year. The sharpest change came in the year to December 2020, when income dropped by 54%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fair Acres Family Y 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 86th percentile, and in the 84th percentile within MO. Charities of a similar size with the same main cause include Matthew 10 International Ministry Inc ($2.0m), Opica Adult Day Program & Counseling Center ($2.0m) and Be Nimble Foundation Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $92k (4.5% of expenses). Other salaries and wages came to $729k. At year end it held assets of $5.1m against liabilities of $71k, net assets of $5.0m. It reported 124 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.