Armed Forces Families Foundationinc

Analysis

Armed Forces Families Foundationinc is a registered charity in United States, based in Clearwater, FL. It received its IRS tax-exemption ruling in December 2006, 20 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 December 2023, Armed Forces Families Foundationinc reported income of $257k and spending of $494k, spending 192% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $761k to $257k (-66%), an average of -24% a year. The sharpest change came in the year to December 2022, when income rose by 301%. Over the whole period it spent 91% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Armed Forces Families Foundationinc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within FL. Charities of a similar size with the same main cause include Minority Opportunities Athletics Association ($257k), Place of Hope in Haiti Inc ($258k) and Brookland Foundtion ($257k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.