Family & Childrens Place Inc

Analysis

Family & Childrens Place Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in March 1965, 61 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 & Childrens Place Inc reported income of $12.0m and spending of $12.4m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.3m to $12.0m (+125%), an average of +22% a year. The sharpest change came in the year to June 2021, when income rose by 45%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family & Childrens Place Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within KY. Charities of a similar size with the same main cause include Jewish Community Housing Corporation ($12.0m), Holly Hall ($12.0m) and Power Works Industries Inc ($12.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $274k (2.2% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $9.9m against liabilities of $3.9m, net assets of $6.0m. It reported 117 employees.