The Relatives Inc

Analysis

The Relatives Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in September 1978, 48 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 September 2023, The Relatives Inc reported income of $5.0m and spending of $4.3m, spending 85% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.1m to $5.0m (+65%), an average of +13% a year. The sharpest change came in the year to September 2021, when income rose by 128%. Over the whole period it spent 67% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Relatives Inc sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NC. Charities of a similar size with the same main cause include Braver Angels Inc ($5.0m), Concordia Hospice of Washington ($5.0m) and Forgotten Children Worldwide Inc ($5.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% and program service revenue 2.1% of the total. Compensation of current officers, directors and key employees was $173k (4.1% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $12.3m against liabilities of $2.2m, net assets of $10.1m. It reported 72 employees.