The Family Place Incorporated

Analysis

The Family Place Incorporated is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 1980, 46 years ago. 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, The Family Place Incorporated reported income of $1.3m and spending of $1.4m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $687k to $1.3m (+92%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 75%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Family Place Incorporated sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 59th percentile within DC. Charities of a similar size with the same main cause include Denver South Transportation Management Association ($1.3m), The Raise Foundation ($1.3m) and Bureau of Governmental Research Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $153k (11% of expenses). Other salaries and wages came to $545k. At year end it held assets of $1.0m against liabilities of $85k, net assets of $923k. It reported 48 employees.