Keeping Families Covered

Analysis

Keeping Families Covered is a registered charity in United States, based in Waukegan, IL. It received its IRS tax-exemption ruling in April 2011, 15 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, Keeping Families Covered reported income of $1.1m and spending of $913k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $397k to $1.1m (+186%), an average of +30% a year. The sharpest change came in the year to December 2020, when income rose by 294%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Keeping Families Covered sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within IL. Charities of a similar size with the same main cause include World Aquatic Coalition Inc ($1.1m), Global Fund for Mental Health Inc ($1.1m) and Secure Families Collaborative ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $70k (7.7% of expenses). Other salaries and wages came to $45k. At year end it held assets of $1.2m against liabilities of $21k, net assets of $1.2m. It reported 7 employees.