Family Missions Company

Analysis

Family Missions Company is a registered charity in United States, based in Abbeville, LA. It received its IRS tax-exemption ruling in October 1997, 29 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 March 2023, Family Missions Company reported income of $4.3m and spending of $4.0m, spending 94% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $3.3m to $4.3m (+29%), an average of +6.5% a year. The sharpest change came in the year to March 2020, when income rose by 23%. Over the whole period it spent 93% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Family Missions Company sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within LA. Charities of a similar size with the same main cause include Word Broadcasting Network Inc ($4.3m), Gba Ships Florence Inc ($4.3m) and International Board of Jewish Missions Inc ($4.3m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Other salaries and wages came to $822k. At year end it held assets of $4.4m against liabilities of $510k, net assets of $3.9m. It reported 25 employees.