Family Place of Transylvania County

Analysis

Family Place of Transylvania County is a registered charity in United States, based in Brevard, NC. It received its IRS tax-exemption ruling in June 2014, 12 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 June 2023, Family Place of Transylvania County reported income of $493k and spending of $467k, spending 95% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $358k to $493k (+38%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 52%. 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 Place of Transylvania County sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within NC. Charities of a similar size with the same main cause include Reborn ($493k), Concerned Citizens Child-Care Inc ($493k) and Eleos the Care Network Inc ($493k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $152k (32% of expenses). Other salaries and wages came to $115k. It paid $4,777 in professional fundraising fees. At year end it held assets of $538k against liabilities of $0, net assets of $538k. It reported 31 employees.