The Family Network Adoption Center

Analysis

The Family Network Adoption Center is a registered charity in United States, based in Fair Oaks, CA. It received its IRS tax-exemption ruling in November 1980, 46 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 December 2023, The Family Network Adoption Center reported income of $1.6m and spending of $1.4m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.6m (+27%), an average of +6.2% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Family Network Adoption Center sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Grassroot Institute of Hawaii Inc ($1.6m), Meals for the Elderly ($1.6m) and Society of St Vincent de Paul Council ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $193k (14% of expenses). Other salaries and wages came to $605k. At year end it held assets of $2.2m against liabilities of $577k, net assets of $1.6m. It reported 26 employees.