Infinite Family

Analysis

Infinite Family is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in April 2000, 26 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Infinite Family reported income of $232k and spending of $237k, spending 102% of its income. Across the 6 years on record, from December 2018 to June 2023, income grew from $218k to $232k (+6.6%), an average of +1.3% a year. The sharpest change came in the year to June 2022, when income rose by 125%. Over the whole period it spent 89% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Infinite Family 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 57th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include Outstanding Farmers of America ($232k), Texas Stars Foundation ($232k) and Karen Ann Quinlan Charitable Foundation Inc ($232k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $88k (37% of expenses). Other salaries and wages came to $20k. At year end it held assets of $74k against liabilities of $28k, net assets of $46k. It reported 2 employees.