Families First in Cabarrus County Inc

Analysis

Families First in Cabarrus County Inc is a registered charity in United States, based in Concord, NC. It received its IRS tax-exemption ruling in November 2014, 12 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, Families First in Cabarrus County Inc reported income of $750k and spending of $711k, spending 95% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $572k to $750k (+31%), an average of +9.4% a year. The sharpest change came in the year to June 2021, when income rose by 30%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Families First in Cabarrus County Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within NC. Charities of a similar size with the same main cause include Love in the Name of Christ of Northwest Allegan County ($750k), Western Communities Action Network Inc ($750k) and Adoption Resource Center ($750k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $125k (18% of expenses). Other salaries and wages came to $370k. At year end it held assets of $609k against liabilities of $102k, net assets of $507k. It reported 17 employees.