The Family Effect

Analysis

The Family Effect is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in June 2002, 24 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. 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, The Family Effect reported income of $1.5m and spending of $1.1m, leaving 29% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $768k to $1.5m (+97%), an average of +25% a year. The sharpest change came in the year to June 2023, when income rose by 72%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Family Effect sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 86th percentile within SC. Charities of a similar size with the same main cause include Unity Performing Arts Foundation Inc ($1.5m), School of the Performing Arts in the Richmond Community Sparc ($1.5m) and Association for Applied Sport Psychology ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.5m against liabilities of $289k, net assets of $1.2m.