Family Institute

Analysis

Family Institute is a registered charity in United States, based in Evanston, IL. It received its IRS tax-exemption ruling in November 1970, 56 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Family Institute reported income of $40.1m and spending of $38.8m, spending 97% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $25.7m to $40.1m (+56%), an average of +12% a year. The sharpest change came in the year to August 2020, when income rose by 23%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Family Institute sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IL. Charities of a similar size with the same main cause include The Albert B Sabin Vaccine Institute Inc ($40.1m), Wreaths Across America ($40.2m) and Capstone Health Services Foundation P C ($40.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 2.3% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $1.8m (4.7% of expenses). Other salaries and wages came to $16.2m. At year end it held assets of $31.0m against liabilities of $10.4m, net assets of $20.6m. It reported 208 employees.