Families Moving Forward

Analysis

Families Moving Forward is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in April 1989, 37 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, Families Moving Forward reported income of $1.5m and spending of $1.5m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.7m to $1.5m (-13%), an average of -3.4% a year. The sharpest change came in the year to December 2022, when income dropped by 18%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Families Moving Forward sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within NC. Charities of a similar size with the same main cause include Belchertown Day School Inc ($1.5m), Kings Daughters Child Care Centers Inc ($1.5m) and T H Reiarson Trust Stanley Community Hospital Association ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Compensation of current officers, directors and key employees was $102k (6.7% of expenses). Other salaries and wages came to $746k. At year end it held assets of $3.6m against liabilities of $54k, net assets of $3.6m. It reported 28 employees.