Families Inc

Analysis

Families Inc is a registered charity in United States, based in West Branch, IA. It received its IRS tax-exemption ruling in November 1975, 51 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 June 2023, Families Inc reported income of $1.6m and spending of $1.5m, spending 97% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.8m to $1.6m (-13%), an average of -4.5% a year. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Families 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 84th percentile, and in the 86th percentile within IA. Charities of a similar size with the same main cause include Mary Lanning Healthcare Foundation ($1.6m), Family Services Inc ($1.6m) and Game Changers Foundation Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 99% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $1.0m against liabilities of $187k, net assets of $834k. It reported 103 employees.