Foundations for Families Inc

Analysis

Foundations for Families Inc is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in June 2006, 20 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 December 2023, Foundations for Families Inc reported income of $130k and spending of $121k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $92k to $130k (+42%), an average of +42% a year. The sharpest change came in the year to December 2023, when income rose by 42%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foundations for Families Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 44th percentile within OH. Charities of a similar size with the same main cause include Kearny County Council on Aging Inc ($130k), One World One Love a NJ Non-Profit Corporation ($130k) and In the Making ($130k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $14k against liabilities of $0, net assets of $14k.