Families First Inc

Analysis

Families First Inc is a registered charity in United States, based in Whiteville, NC. It received its IRS tax-exemption ruling in April 1996, 30 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2024, Families First Inc reported income of $1.2m and spending of $875k, leaving 25% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $678k to $1.2m (+72%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 119%. Over the whole period it spent 73% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Families First Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within NC. Charities of a similar size with the same main cause include Beth-Anne Extended Living ($1.2m), Community Economics Inc ($1.2m) and McHi Affordable Acquisitions Inc ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $63k (7.2% of expenses). Other salaries and wages came to $428k. At year end it held assets of $1.9m against liabilities of $145k, net assets of $1.8m. It reported 24 employees.