Family Bonds Foundation

Analysis

Family Bonds Foundation is a registered charity in United States, based in Plymouth, MN. It received its IRS tax-exemption ruling in September 2015, 11 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 2023, Family Bonds Foundation reported income of $343k and spending of $137k, leaving 60% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income grew from $167k to $343k (+105%), an average of +43% a year. The sharpest change came in the year to December 2023, when income rose by 122%. Over the whole period it spent 51% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Bonds Foundation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within MN. Charities of a similar size with the same main cause include Afghan Relief Fund Inc ($343k), Manav Mandir Inc ($343k) and Nami Idaho Inc ($343k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 174% of the total. At year end it held assets of $422k against liabilities of $0, net assets of $422k.