Better Family Life Inc

Analysis

Better Family Life Inc is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in February 1985, 41 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 December 2023, Better Family Life Inc reported income of $7.2m and spending of $8.7m, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $14.1m to $7.2m (-49%), an average of -15% a year. The sharpest change came in the year to December 2020, when income dropped by 39%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Better Family Life Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within MO. Charities of a similar size with the same main cause include The Contingent ($7.2m), Echelon Community Services ($7.2m) and Ownership Works Inc ($7.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $134k (1.5% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $12.5m against liabilities of $3.3m, net assets of $9.1m. It reported 150 employees.