CHDFS Inc

Analysis

CHDFS Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2003, 23 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, CHDFS Inc reported income of $6.9m and spending of $7.5m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $7.2m to $6.9m (-4.5%), an average of -1.1% a year. Over the whole period it spent 107% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, CHDFS 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 94th percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Boys & Girls Club of Clifton Inc ($6.8m), Boys & Girls Clubs of the Capital Area Inc ($6.9m) and The Mentoring Alliance ($6.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.4% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $240k (3.2% of expenses). Other salaries and wages came to $4.7m. At year end it held assets of $5.7m against liabilities of $5.6m, net assets of $72k. It reported 263 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.