Families for Depression Awareness

Analysis

Families for Depression Awareness is a registered charity in United States, based in Wayland, MA. It received its IRS tax-exemption ruling in June 2001, 25 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 2023, Families for Depression Awareness reported income of $397k and spending of $427k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $319k to $397k (+25%), an average of +5.6% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Families for Depression Awareness sits at the 61st percentile: it is larger than about 61% 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 Cares Community Assistance Resources & Emer SVCS Pickens Co 1 ($397k), Connecting Hearts Inc ($397k) and Abundant Hope Pregnancy Resource Center Inc ($397k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $191k (45% of expenses). Other salaries and wages came to $66k. At year end it held assets of $285k against liabilities of $4,371, net assets of $281k. It reported 7 employees.