Family Services Network Of New York
Family Services Network Of New York maintains stable finances with no reported executive compensation.
EIN: 112592651 · Brooklyn, NY · NTEE: P37Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8.1M |
| Total Expenses | $6.9M |
| Program Spending | 85% |
| Net Assets | $1.2M |
| Transparency Score | 90/100 |
Is Family Services Network Of New York Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Family Services Network Of New York directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Family Services Network Of New York
Family Services Network Of New York (EIN: 112592651) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code P37Z. The organization reported total revenue of $8.1M and total assets of $5.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Family Services Network Of New York's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Family Services Network Of New York is a mid-size nonprofit that has been operating for 44 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.3M |
| Total Expenses | $6.9M |
| Surplus / Deficit | +$412K |
| Total Assets | $3.2M |
| Total Liabilities | $2.0M |
| Net Assets | $1.2M |
| Operating Margin | 5.6% |
| Debt-to-Asset Ratio | 62.1% |
| Months of Reserves | 5.7 months |
Financial Health Grade: A
In 2023, Family Services Network Of New York reported a surplus of $412K with revenue exceeding expenses, holds 5.7 months of operating reserves (adequate), has a debt-to-asset ratio of 62.1% (high leverage).
Financial Trends
Over 11 years of filings (2011–2023), Family Services Network Of New York's revenue has grown at a compound annual growth rate (CAGR) of 4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +18.2% | +0.6% | +9.4% |
| 2022 | -8.7% | -2.9% | -19.1% |
| 2021 | -6.9% | -13.4% | +1.6% |
| 2020 | -15.5% | -3.9% | -10.3% |
| 2019 | +6.5% | +6.4% | +9.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1982 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Family Services Network Of New York with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Family Services Network Of New York allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $412K, with revenue exceeding expenses.
- Debt-to-asset ratio: 62.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filing periods, indicating that no officers received compensation from the organization. This is a strong positive for resource allocation and transparency, especially for an organization with annual revenues consistently in the multi-million dollar range.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Family Services Network Of New York:
- No reported officer compensation across all filings, indicating high efficiency in executive overhead.
- Consistent history of IRS 990 filings, demonstrating transparency and accountability.
- Healthy asset-to-liability ratio, indicating strong financial stability.
- Sustained revenue generation and growth over the past decade.
- Strong program spending focus, estimated at 85% of total expenses.
Frequently Asked Questions about Family Services Network Of New York
Is Family Services Network Of New York a legitimate charity?
Family Services Network Of New York (EIN: 112592651) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 11 years of IRS 990 filings on record. Total revenue: $8.1M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Family Services Network Of New York spend its money?
Family Services Network Of New York directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Family Services Network Of New York tax-deductible?
Family Services Network Of New York is registered as a tax-exempt nonprofit (EIN: 112592651). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Family Services Network Of New York's spending goes to programs?
Family Services Network Of New York directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Family Services Network Of New York compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Family Services Network Of New York is above average for NTEE category P37Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Family Services Network Of New York located?
Family Services Network Of New York is headquartered in Brooklyn, New York and files with the IRS under EIN 112592651. It is classified under NTEE code P37Z.
How many years of IRS 990 filings does Family Services Network Of New York have?
Family Services Network Of New York has 11 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $8.1M in total revenue.
Is Family Services Network Of New York financially stable?
Yes, the organization appears financially stable. In the 202306 period, revenue ($7,287,511) exceeded expenses ($6,875,820), and assets ($3,247,241) significantly outweigh liabilities ($2,016,029). While there was a slight deficit in 202206, the overall trend and asset-to-liability ratio suggest good financial health.
How efficient is Family Services Network Of New York's spending?
The organization demonstrates good spending efficiency. With no reported officer compensation and expenses generally tracking closely with revenue, a significant portion of funds is likely directed towards program services. The estimated spending breakdown of 85% for programs, 10% for admin, and 5% for fundraising reflects a strong program focus.
Does Family Services Network Of New York have high administrative costs?
Based on the available data, particularly the 0% officer compensation across all filings, administrative costs appear to be well-managed. The estimated 10% for administrative spending is considered efficient for a nonprofit of this size.
What is the trend in Family Services Network Of New York's revenue?
Family Services Network Of New York has shown consistent revenue generation, growing from $4,400,457 in 201206 to $7,287,511 in 202306, with a peak of $8,581,576 in 201906. This indicates a sustained ability to attract funding and support its operations.
Is Family Services Network Of New York transparent?
Yes, the organization appears transparent. It has a consistent history of filing IRS 990 forms (11 filings) and reports 0% officer compensation, which are strong indicators of a commitment to public accountability and transparency.
Filing History
IRS 990 filing history for Family Services Network Of New York showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Family Services Network Of New York's revenue has grown by 61%, moving from $4.5M to $7.3M. Total assets increased by 102.9% over the same period, from $1.6M to $3.2M. Total functional expenses rose by 55%, from $4.4M to $6.9M. In its most recent filing year (2023), Family Services Network Of New York reported a surplus of $412K, with revenue exceeding expenses. The organization holds $2.0M in liabilities against $3.2M in assets (debt-to-asset ratio: 62.1%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.3M | $6.9M | $3.2M | $2.0M | — | View 990 |
| 2022 | $6.2M | $6.8M | $3.0M | $2.3M | — | View 990 |
| 2021 | $6.8M | $7.0M | $3.7M | $2.1M | — | — |
| 2020 | $7.2M | $8.1M | $3.6M | $1.9M | — | View 990 |
| 2019 | $8.6M | $8.5M | $4.0M | $1.3M | — | View 990 |
| 2017 | $8.1M | $8.0M | $3.7M | $1.0M | — | View 990 |
| 2015 | $7.4M | $7.0M | $3.7M | $1.1M | — | View 990 |
| 2014 | $7.0M | $5.9M | $2.7M | $501K | — | View 990 |
| 2013 | $5.0M | $4.6M | $1.7M | $523K | — | View 990 |
| 2012 | $4.4M | $4.4M | $2.0M | $1.3M | — | View 990 |
| 2011 | $4.5M | $4.4M | $1.6M | $1.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.3M, expenses of $6.9M, and assets of $3.2M (revenue +18.2% year-over-year).
- 2022: Revenue of $6.2M, expenses of $6.8M, and assets of $3.0M (revenue -8.7% year-over-year).
- 2021: Revenue of $6.8M, expenses of $7.0M, and assets of $3.7M (revenue -6.9% year-over-year).
- 2020: Revenue of $7.2M, expenses of $8.1M, and assets of $3.6M (revenue -15.5% year-over-year).
- 2019: Revenue of $8.6M, expenses of $8.5M, and assets of $4.0M (revenue +6.5% year-over-year).
- 2017: Revenue of $8.1M, expenses of $8.0M, and assets of $3.7M (revenue +9.3% year-over-year).
- 2015: Revenue of $7.4M, expenses of $7.0M, and assets of $3.7M (revenue +5.0% year-over-year).
- 2014: Revenue of $7.0M, expenses of $5.9M, and assets of $2.7M (revenue +39.7% year-over-year).
- 2013: Revenue of $5.0M, expenses of $4.6M, and assets of $1.7M (revenue +14.2% year-over-year).
- 2012: Revenue of $4.4M, expenses of $4.4M, and assets of $2.0M (revenue -2.8% year-over-year).
- 2011: Revenue of $4.5M, expenses of $4.4M, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Family Services Network Of New York:
Data Sources and Methodology
This transparency report for Family Services Network Of New York is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.