Family Center Inc

Analysis

Family Center Inc is a registered charity in United States, based in Somerville, MA. It received its IRS tax-exemption ruling in March 1983, 43 years ago. Its declared purposes cover mental health and crisis intervention, 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 2023, Family Center Inc reported income of $378k and spending of $1.6m, spending 432% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.5m to $378k (-74%), an average of -29% a year. The sharpest change came in the year to June 2020, when income rose by 200%. Over the whole period it spent 119% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Family Center Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 67th percentile within MA. Charities of a similar size with the same main cause include Living Hope Wheelchair Association ($378k), What to Expect Project ($378k) and University Kidney Research Organization ($378k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.0% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $304k (19% of expenses). Other salaries and wages came to $740k. At year end it held assets of $5.7m against liabilities of $276k, net assets of $5.4m. It reported 20 employees.