Children of Inmates Inc

Analysis

Children of Inmates Inc is a registered charity in United States, based in Hallandale Beach, FL. It received its IRS tax-exemption ruling in April 2012, 14 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Children of Inmates Inc reported income of $1.4m and spending of $1.4m, spending 103% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $1.7m to $1.4m (-17%), an average of -3.5% a year. The sharpest change came in the year to December 2019, when income rose by 17%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Children of Inmates Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within FL. Charities of a similar size with the same main cause include Salt Lake City Rotary Foundation ($1.4m), Great Lakes Cities Initiative ($1.4m) and The Chamber Foundation Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.9% of the total. Compensation of current officers, directors and key employees was $46k (3.2% of expenses). Other salaries and wages came to $754k. At year end it held assets of $363k against liabilities of $206k, net assets of $157k. It reported 20 employees.