Family Enterprising Inc

Analysis

Family Enterprising Inc is a registered charity in United States, based in Gulf Hammock, FL. It received its IRS tax-exemption ruling in January 2005, 21 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, Family Enterprising Inc reported income of $75k and spending of $41k, leaving 45% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income fell from $97k to $75k (-23%), an average of -8.2% a year. The sharpest change came in the year to December 2021, when income dropped by 58%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Enterprising Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 33rd percentile within FL. Charities of a similar size with the same main cause include Friends of the Kankakee ($75k), Filipino American Community Anddevelopment Center of Ocean County ($75k) and Hearts & Hands ($75k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 98% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $15k (37% of expenses). At year end it held assets of $85k against liabilities of $0, net assets of $85k. It reported 1 employees.