Fatherless Network or Widows and Orphans

Analysis

Fatherless Network or Widows and Orphans is a registered charity in United States, based in Keller, TX. It received its IRS tax-exemption ruling in October 2002, 24 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, Fatherless Network or Widows and Orphans reported income of $364k and spending of $318k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $173k to $364k (+110%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 66%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fatherless Network or Widows and Orphans sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 70th percentile within TX. Charities of a similar size with the same main cause include Korean American Senior Citizens Society of Greater N Y Inc ($364k), Mahnomen Area Assisted Living Center Inc ($364k) and House of Hope ($364k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $42k (13% of expenses). At year end it held assets of $607k against liabilities of $7,426, net assets of $600k.