Hathaway-Sycamores Child and Family Services

Analysis

Hathaway-Sycamores Child and Family Services is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in October 1948, 78 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 June 2023, Hathaway-Sycamores Child and Family Services reported income of $62.5m and spending of $63.2m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $60.4m to $62.5m (+3.5%), an average of +0.9% a year. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hathaway-Sycamores Child and Family Services sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Young Mens Christian Association of Central Ohio ($62.4m), Independent Living Association Inc ($62.5m) and Methodist Childrens Home ($62.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 4.8% of the total. Compensation of current officers, directors and key employees was $1.9m (3.1% of expenses). Other salaries and wages came to $36.9m. It paid $86k in professional fundraising fees. At year end it held assets of $32.4m against liabilities of $18.7m, net assets of $13.8m. It reported 727 employees.