Family First Center of Lake County

Analysis

Family First Center of Lake County is a registered charity in United States, based in Waukegan, IL. It received its IRS tax-exemption ruling in May 2005, 21 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Family First Center of Lake County reported income of $467k and spending of $413k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $228k to $467k (+105%), an average of +105% a year. The sharpest change came in the year to December 2023, when income rose by 105%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Family First Center of Lake County sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within IL. Charities of a similar size with the same main cause include Second District Community Development Corporation ($467k), Florida Economic Development Council Foundation ($467k) and Southeast Utah Community Development Corporation ($466k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $89k (22% of expenses). Other salaries and wages came to $157k. At year end it held assets of $91k against liabilities of $47k, net assets of $44k.