Family Network

Analysis

Family Network is a registered charity in United States, based in Wyoming, MI. It received its IRS tax-exemption ruling in November 2008, 18 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Family Network reported income of $176k and spending of $234k, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $246k to $176k (-29%), an average of -8.0% a year. The sharpest change came in the year to December 2020, when income rose by 54%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Network sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 50th percentile within MI. Charities of a similar size with the same main cause include Mack Family Foundation ($176k), Hand of Hope Inc ($176k) and Young Womens Transitional Home of Moore County ($176k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 72% of the total. Other salaries and wages came to $95k. At year end it held assets of $977k against liabilities of $18k, net assets of $959k. It reported 2 employees.