Familymeans

Analysis

Familymeans is a registered charity in United States, based in Stillwater, MN. It received its IRS tax-exemption ruling in April 1965, 61 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, Familymeans reported income of $4.7m and spending of $5.0m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.6m to $4.7m (+3.2%), an average of +0.8% a year. The sharpest change came in the year to December 2020, when income rose by 22%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Familymeans sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MN. Charities of a similar size with the same main cause include Strong Place Day Care Center Inc ($4.7m), Maryland Information Network 2-1-1 Maryland Inc ($4.7m) and Supportive Housing Communities Inc ($4.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $236k (4.7% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $15.5m against liabilities of $266k, net assets of $15.3m. It reported 65 employees.