4th Family Inc

Analysis

4th Family Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in January 2013, 13 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, 4th Family Inc reported income of $499k and spending of $593k, spending 119% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $769k to $499k (-35%), an average of -35% a year. The sharpest change came in the year to December 2023, when income dropped by 35%. Over the whole period it spent 105% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, 4th Family Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Green Mountain Academy Inc ($499k), Girls on the Run of Maricopa County ($499k) and Young Excellence Society Inc ($499k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. Other salaries and wages came to $354k. At year end it held assets of $35k against liabilities of $65k, net assets of -$29k. It reported 10 employees.