North American Family Institute Inc

Analysis

North American Family Institute Inc is a registered charity in United States, based in Stoneham, MA. It received its IRS tax-exemption ruling in December 1986, 40 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, North American Family Institute Inc reported income of $8.6m and spending of $7.8m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $10.3m to $8.6m (-16%), an average of -4.4% a year. The sharpest change came in the year to June 2020, when income dropped by 36%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, North American Family Institute Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MA. Charities of a similar size with the same main cause include Family Services of the Merrimack Valley Inc ($8.6m), Aspira of New York,inc ($8.6m) and Black Mountain Home for Children Youth & Families Inc ($8.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.4% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $688k (8.8% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $8.4m against liabilities of $4.1m, net assets of $4.4m. It reported 134 employees.