Families Anchored in Total Harmony Inc

Analysis

Families Anchored in Total Harmony Inc is a registered charity in United States, based in Gary, IN. It received its IRS tax-exemption ruling in March 2010, 16 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, Families Anchored in Total Harmony Inc reported income of $1.2m and spending of $794k, leaving 32% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $165k to $1.2m (+606%), an average of +606% a year. The sharpest change came in the year to December 2023, when income rose by 606%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Families Anchored in Total Harmony Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within IN. Charities of a similar size with the same main cause include Cedar Hill Shares Inc ($1.2m), Kimmel Orchard & Vineyard Educational Foundation Inc ($1.2m) and Community Resources Staten Island Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $20k (2.5% of expenses). Other salaries and wages came to $117k. At year end it held assets of $1.5m against liabilities of $1.1m, net assets of $402k. It reported 12 employees.