Family Strides Inc

Analysis

Family Strides Inc is a registered charity in United States, based in Torrington, CT. It received its IRS tax-exemption ruling in September 2005, 21 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 2024, Family Strides Inc reported income of $944k and spending of $824k, spending 87% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $415k to $944k (+127%), an average of +23% a year. The sharpest change came in the year to June 2024, when income rose by 34%. Over the whole period it spent 85% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Family Strides Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 77th percentile within CT. Charities of a similar size with the same main cause include Curative Foundation Inc ($943k), Domus Incorporated ($945k) and BVCHC Support Corporation ($943k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $91k (11% of expenses). Other salaries and wages came to $517k. At year end it held assets of $444k against liabilities of $2,071, net assets of $442k. It reported 10 employees.