Families Free Inc

Analysis

Families Free Inc is a registered charity in United States, based in Johnson City, TN. It received its IRS tax-exemption ruling in December 2013, 13 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 Free Inc reported income of $6.1m and spending of $5.0m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $6.1m (+314%), an average of +43% a year. The sharpest change came in the year to December 2023, when income rose by 94%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Families Free Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within TN. Charities of a similar size with the same main cause include Teak Fellowship Inc ($6.1m), Hope House of Colorado ($6.1m) and Growing Place ($6.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $98k (2.0% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $3.9m against liabilities of $2.4m, net assets of $1.5m. It reported 88 employees.