Family Extended Care of Albany Inc

Analysis

Family Extended Care of Albany Inc is a registered charity in United States, based in Hialeah, FL. It received its IRS tax-exemption ruling in February 2014, 12 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, Family Extended Care of Albany Inc reported income of $2.3m and spending of $2.7m, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.4m to $2.3m (-4.7%), an average of -1.2% a year. Over the whole period it spent 111% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Extended Care of Albany 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 89th percentile within FL. Charities of a similar size with the same main cause include Pacific Refugee Support Group ($2.3m), Holly Hill Childrens Home Inc ($2.3m) and Crisis Center North Incorporation ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. Other salaries and wages came to $1.0m. At year end it held assets of $3.0m against liabilities of $6.0m, net assets of -$2.9m. It reported 72 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.