Family Inc

Analysis

Family Inc is a registered charity in United States, based in Council BLFS, IA. It received its IRS tax-exemption ruling in March 2009, 17 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, Family Inc reported income of $2.5m and spending of $2.7m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $2.5m (+38%), an average of +8.4% a year. The sharpest change came in the year to June 2020, when income rose by 50%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within IA. Charities of a similar size with the same main cause include Make a Difference Ministries Inc ($2.5m), Domestic Violence Network of Greater Indianapolis Inc ($2.5m) and Providence Hospice of Seattle Foundation ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $117k (4.3% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $992k against liabilities of $103k, net assets of $889k. It reported 49 employees.