Favored Foundation for Strengthening Families

Analysis

Favored Foundation for Strengthening Families is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2022, Favored Foundation for Strengthening Families reported income of $1.1m and spending of $978k, spending 85% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $656k to $1.1m (+75%), an average of +75% a year. The sharpest change came in the year to December 2022, when income rose by 75%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Favored Foundation for Strengthening Families sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within MO. Charities of a similar size with the same main cause include L Enfant Education Association Inc ($1.1m), Library Foundation for the Benefit of St Louis Public Library ($1.1m) and Parents Challenge ($1.1m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 3.1% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $100k (10% of expenses). Other salaries and wages came to $5,211. At year end it held assets of $2.6m against liabilities of $2.6m, net assets of -$73k. It reported 6 employees.