First in Families of North Carolina

Analysis

First in Families of North Carolina is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in August 2003, 23 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, First in Families of North Carolina reported income of $1.9m and spending of $2.1m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $1.9m (+12%), an average of +2.9% a year. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, First in Families of North Carolina 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 86th percentile, and in the 87th percentile within NC. Charities of a similar size with the same main cause include Hope Clinic Inc ($1.9m), Jewish Home of Central New York Residential Living Incorporated ($1.9m) and Generatehope Inc ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $88k (4.2% of expenses). Other salaries and wages came to $659k. At year end it held assets of $1.1m against liabilities of $128k, net assets of $953k. It reported 27 employees.