Families of the Wounded Fund Inc

Analysis

Families of the Wounded Fund Inc is a registered charity in United States, based in Midlothian, VA. It received its IRS tax-exemption ruling in April 2006, 20 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 June 2023, Families of the Wounded Fund Inc reported income of $274k and spending of $327k, spending 119% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $229k to $274k (+20%), an average of +4.6% a year. The sharpest change came in the year to June 2022, when income rose by 60%. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Families of the Wounded Fund Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within VA. Charities of a similar size with the same main cause include Lifequest of Arkansas ($274k), Sarah Bonwell Hudgins Foundation Inc ($274k) and Gatherings Thrift ($274k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 115% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.