Center of Family Love

Analysis

Center of Family Love is a registered charity in United States, based in Okarche, OK. It received its IRS tax-exemption ruling in November 1984, 42 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Center of Family Love reported income of $15.3m and spending of $11.6m, leaving 24% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.3m to $15.3m (+48%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 25%. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Center of Family Love sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within OK. Charities of a similar size with the same main cause include Ascend Clinical Services ($15.3m), Samaritan House Community Center ($15.3m) and Monadnock Family Services ($15.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 38% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $173k (1.5% of expenses). Other salaries and wages came to $6.1m. At year end it held assets of $28.3m against liabilities of $1.7m, net assets of $26.6m. It reported 289 employees.