Family Development Enterprises Inc

Analysis

Family Development Enterprises Inc is a registered charity in United States, based in Monroe, LA. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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, Family Development Enterprises Inc reported income of $882k and spending of $874k, spending 99% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $80k to $882k (+1004%), an average of +232% a year. The sharpest change came in the year to December 2022, when income rose by 254%. Over the whole period it spent 99% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Family Development Enterprises Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within LA. Charities of a similar size with the same main cause include Trustees of Purdue University ($882k), Teachers Like Me ($882k) and Badger Aquatics Club Inc ($881k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $230k. At year end it held assets of $24k against liabilities of $2,609, net assets of $21k. It reported 3 employees.