Famcare Inc

Analysis

Famcare Inc is a registered charity in United States, based in Glassboro, NJ. It received its IRS tax-exemption ruling in January 1975, 51 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Famcare Inc reported income of $2.2m and spending of $2.2m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $2.2m (+13%), an average of +3.1% a year. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Famcare Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within NJ. Charities of a similar size with the same main cause include American Uro-Gynecologic Society ($2.2m), Diagnostic Shared Services Inc ($2.2m) and National Coalition for Women with Heart Disease Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $167k (7.7% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $1.6m against liabilities of $909k, net assets of $660k. It reported 36 employees.