Family Enrichment Society of Cerritos

Analysis

Family Enrichment Society of Cerritos is a registered charity in United States, based in Simi Valley, CA. It received its IRS tax-exemption ruling in July 2007, 19 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 Enrichment Society of Cerritos reported income of $53k and spending of $37k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $32k to $53k (+65%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 118%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Enrichment Society of Cerritos sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 22nd percentile within CA. Charities of a similar size with the same main cause include New Hope Estates Group Home Inc ($53k), Hospice of Haines ($53k) and Volunteers for the Blind Inc ($53k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 78% of the total. At year end it held assets of $102k against liabilities of $0, net assets of $102k.