Family Y of Owensboro Daviess County Inc

Analysis

Family Y of Owensboro Daviess County Inc is a registered charity in United States, based in Owensboro, KY. It received its IRS tax-exemption ruling in August 1959, 67 years ago. 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 2022, Family Y of Owensboro Daviess County Inc reported income of $1.6m and spending of $1.3m, leaving 22% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.5m to $1.6m (+6.5%), an average of +2.1% a year. The sharpest change came in the year to December 2020, when income dropped by 20%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Family Y of Owensboro Daviess County Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within KY. Charities of a similar size with the same main cause include Technology Student Association ($1.6m), Boy Scouts of America ($1.6m) and Kapka Cooperative School ($1.6m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 39% and program service revenue 61% of the total. Other salaries and wages came to $581k. At year end it held assets of $5.5m against liabilities of $1.5m, net assets of $4.0m. It reported 78 employees.