Center for Families and Children

Analysis

Center for Families and Children is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in December 1970, 56 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, Center for Families and Children reported income of $24.8m and spending of $27.1m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $30.1m to $24.8m (-18%), an average of -4.7% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 109% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Center for Families and Children sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within OH. Charities of a similar size with the same main cause include Central Baptist Home for the Aged ($24.8m), Fahrney Keedy Senior Living Community ($24.8m) and The Arc of North Carolina Inc ($24.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $236k (0.9% of expenses). Other salaries and wages came to $11.5m. At year end it held assets of $42.0m against liabilities of $18.2m, net assets of $23.9m. It reported 419 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.