Better Together Strengthening Families Inc

Analysis

Better Together Strengthening Families Inc is a registered charity in United States, based in Naples, FL. It received its IRS tax-exemption ruling in April 2016, 10 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, Better Together Strengthening Families Inc reported income of $15.4m and spending of $4.0m, leaving 74% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $763k to $15.4m (+1919%), an average of +112% a year. The sharpest change came in the year to December 2022, when income rose by 381%. Over the whole period it spent 30% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Better Together Strengthening Families Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include Southwestern Connecticut Agency on Aging Inc ($15.4m), Mid-Nebraska Individual Services Inc ($15.4m) and Hoffman Homes Inc ($15.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $274k (6.8% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $21.0m against liabilities of $166k, net assets of $20.9m. It reported 50 employees.