Family Initiative Incorporated

Analysis

Family Initiative Incorporated is a registered charity in United States, based in Cape Coral, FL. It received its IRS tax-exemption ruling in November 2013, 13 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 2022, Family Initiative Incorporated reported income of $2.6m and spending of $2.3m, spending 89% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $248k to $2.6m (+961%), an average of +120% a year. The sharpest change came in the year to December 2021, when income rose by 202%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Initiative Incorporated sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include Intercultural Senior Center ($2.6m), Beckel Inc ($2.6m) and My Stuff Bags Foundation ($2.6m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 60% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $169k (7.2% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $1.2m against liabilities of $655k, net assets of $514k. It reported 66 employees.