Family Extended Care of Winter Haven Inc

Analysis

Family Extended Care of Winter Haven Inc is a registered charity in United States, based in Hialeah, FL. It received its IRS tax-exemption ruling in March 2014, 12 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Extended Care of Winter Haven Inc reported income of $2.1m and spending of $2.2m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.3m to $2.1m (-9.6%), an average of -2.5% a year. The sharpest change came in the year to December 2021, when income dropped by 20%. Over the whole period it spent 106% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Family Extended Care of Winter Haven Inc sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within FL. Charities of a similar size with the same main cause include Royal Oak Non-Profit Housing Corporation ($2.1m), Tuscan Brotherhood Homes II ($2.1m) and Tampa Presbyterian Community Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. Other salaries and wages came to $1.0m. At year end it held assets of $1.9m against liabilities of $4.9m, net assets of -$3.0m. It reported 74 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.