Family Matters Inc

Analysis

Family Matters Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 1993, 33 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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 August 2023, Family Matters Inc reported income of $1.3m and spending of $1.0m, spending 83% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $941k to $1.3m (+34%), an average of +7.6% a year. The sharpest change came in the year to August 2023, when income rose by 26%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Family Matters Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within IL. Charities of a similar size with the same main cause include 640 Improvement Corporation ($1.3m), Prodigy Ventures Inc ($1.3m) and Prime Time House Inc ($1.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 91% and program service revenue 0.6% of the total. Other salaries and wages came to $706k. At year end it held assets of $809k against liabilities of $12k, net assets of $797k. It reported 11 employees.