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Families in Transition Inc

RegisteredEIN 71-0793681West Memphis, ARPoverty relief
Income$613k2023-12
Spending$573ksame year
Spent / received87%5-year average
Size in its cause68th pctPoverty relief
Exempt since1997Publicly supported organisat
Employees17latest return

Analysis

Families in Transition Inc is a registered charity in United States, based in West Memphis, AR. It received its IRS tax-exemption ruling in February 1997, 29 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, Families in Transition Inc reported income of $613k and spending of $573k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $322k to $613k (+90%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Families in Transition Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within AR. Charities of a similar size with the same main cause include River Valley Initiative Foundation ($613k), Family Farm Wellspring Inc ($613k) and Transitions Life Center & Community Inc ($613k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $334k. At year end it held assets of $344k against liabilities of $9,756, net assets of $334k. It reported 17 employees.

Income and spending

$0$153k$307k$460k$613k2019 Income: $321,9462019 Spending: $251,62820192020 Income: $352,5422020 Spending: $306,65120202021 Income: $420,1672021 Spending: $318,60920212022 Income: $413,4892022 Spending: $400,08520222023 Income: $613,2482023 Spending: $572,6782023
IncomeSpending

Where the income comes from

  • Contributions & grants 100%

Similar-sized charities, same cause

CharityLocationIncome
River Valley Initiative FoundationDubuque$613k
Family Farm Wellspring IncMalvern$613k
Transitions Life Center & Community IncOcala$613k
Migrant Justice IncBurlington$613k