Fortunate Families Inc

Analysis

Fortunate Families Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in January 2006, 20 years ago. 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, Fortunate Families Inc reported income of $83k and spending of $87k, spending 105% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $48k to $83k (+74%), an average of +74% a year. The sharpest change came in the year to December 2023, when income rose by 74%. Over the whole period it spent 136% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fortunate Families Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 31st percentile within KY. Charities of a similar size with the same main cause include Grundy County Association for the Handicapped ($83k), Connecticut Council of Language Teachers Inc ($83k) and Kalg Cultural Organization ($83k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $88k against liabilities of $1,816, net assets of $86k.