Family Touch Inc

Analysis

Family Touch Inc is a registered charity in United States, based in Little Ferry, NJ. It received its IRS tax-exemption ruling in April 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Family Touch Inc reported income of $751k and spending of $510k, leaving 32% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $556k to $751k (+35%), an average of +7.8% a year. The sharpest change came in the year to September 2022, when income rose by 29%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Touch Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 79th percentile within NJ. Charities of a similar size with the same main cause include One House at a Time ($751k), New Encounters Inc ($752k) and Guyanese Diaspora Charity ($751k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 82% and program service revenue 6.8% of the total. Other salaries and wages came to $325k. At year end it held assets of $1.6m against liabilities of $285k, net assets of $1.3m. It reported 11 employees.