The Family Firm Institute Inc

Analysis

The Family Firm Institute Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in October 1985, 41 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Family Firm Institute Inc reported income of $1.5m and spending of $1.6m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.5m (+2.2%), an average of +0.5% a year. The sharpest change came in the year to December 2022, when income rose by 29%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Family Firm Institute Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MA. Charities of a similar size with the same main cause include Crossroads of Michigan ($1.5m), Agc of Washington Education Foundation ($1.5m) and Harlequin Productions ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $603k against liabilities of $291k, net assets of $312k.