Family Place Inc

Analysis

Family Place Inc is a registered charity in United States, based in Norwich, VT. It received its IRS tax-exemption ruling in March 1988, 38 years ago. 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, Family Place Inc reported income of $2.9m and spending of $3.2m, spending 108% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.6m to $2.9m (+15%), an average of +4.6% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Family Place Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within VT. Charities of a similar size with the same main cause include Central Coast Center for Independent Living ($2.9m), Missouri Chamber Foundation ($2.9m) and Regional Enterprises for Adults and Children Inc ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% and program service revenue 44% of the total. Other salaries and wages came to $1.9m. At year end it held assets of $3.1m against liabilities of $698k, net assets of $2.4m. It reported 47 employees.