Columbus Family Y Inc

Analysis

Columbus Family Y Inc is a registered charity in United States, based in Columbus, NE. It received its IRS tax-exemption ruling in February 1943, 83 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Columbus Family Y Inc reported income of $2.2m and spending of $2.4m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $2.2m (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Columbus Family Y Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within NE. Charities of a similar size with the same main cause include Hispanic Resource Center of Larchmont Mamaroneck Inc ($2.2m), Canvasback Missions Inc ($2.2m) and Bethesda Foundation for Children ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.6% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $94k (3.9% of expenses). Other salaries and wages came to $899k. At year end it held assets of $1.3m against liabilities of $1,857, net assets of $1.3m. It reported 166 employees.