The Holy Family of Sisters of the Needy

Analysis

The Holy Family of Sisters of the Needy is a registered charity in United States, based in Elizabeth, NJ. It received its IRS tax-exemption ruling in January 2012, 14 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 (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, The Holy Family of Sisters of the Needy reported income of $388k and spending of $219k, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $232k to $388k (+67%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 39%. Over the whole period it spent 77% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, The Holy Family of Sisters of the Needy sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 72nd percentile within NJ. Charities of a similar size with the same main cause include Hawk Institute ($388k), Stay-Focused Inc ($388k) and Highlander Band Boosters Inc ($387k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $682k against liabilities of $0, net assets of $682k.