Bronx Family Network Inc

Analysis

Bronx Family Network Inc is a registered charity in United States, based in Yonkers, NY. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, Bronx Family Network Inc reported income of $10.5m and spending of $10.2m, spending 97% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.3m to $10.5m (+713%), an average of +101% a year. The sharpest change came in the year to December 2022, when income rose by 125%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bronx Family Network Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Ahold Delhaize USA Family Foundation Inc ($10.5m), Food Bank Coalition of San Luis Obispo County ($10.5m) and Weston United Community Renewal Inc ($10.4m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $2.0m. At year end it held assets of $25.9m against liabilities of $25.3m, net assets of $538k. It reported 118 employees.