Family Initiative of Huron County Inc

Analysis

Family Initiative of Huron County Inc is a registered charity in United States, based in Norwalk, OH. It received its IRS tax-exemption ruling in August 1993, 33 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Initiative of Huron County Inc reported income of $129k and spending of $296k, spending 229% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $163k to $129k (-21%), an average of -5.7% a year. The sharpest change came in the year to December 2020, when income rose by 152%. Over the whole period it spent 87% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Family Initiative of Huron County Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 44th percentile within OH. Charities of a similar size with the same main cause include Jacobs Ladder Community Development Corporation ($129k), St Matthias Senior Housing Inc ($129k) and Rivera Gardens Affordable Housing Corporation ($129k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 74% of the total. At year end it held assets of $2.5m against liabilities of $0, net assets of $2.5m.