Faith Family Kids Inc

Analysis

Faith Family Kids Inc is a registered charity in United States, based in Desoto, TX. It received its IRS tax-exemption ruling in September 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Faith Family Kids Inc reported income of $40.6m and spending of $41.8m, spending 103% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $29.4m to $40.6m (+38%), an average of +8.3% a year. The sharpest change came in the year to August 2020, when income rose by 33%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Faith Family Kids Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include University of Saint Mary ($40.4m), Mount Marty University ($40.6m) and Grand Rapids Christian Schools ($40.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $726k (1.7% of expenses). Other salaries and wages came to $23.7m. At year end it held assets of $38.9m against liabilities of $21.4m, net assets of $17.4m. It reported 465 employees.