Universal Family Network Ministries

Analysis

Universal Family Network Ministries is a registered charity in United States, based in Carrollton, TX. It received its IRS tax-exemption ruling in November 2007, 19 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, Universal Family Network Ministries reported income of $991k and spending of $1.0m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $249k to $991k (+297%), an average of +41% a year. The sharpest change came in the year to December 2020, when income rose by 155%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Universal Family Network Ministries sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within TX. Charities of a similar size with the same main cause include Daisy Adams Center Inc ($991k), Shepherds Table Soup Kitchen Inc ($991k) and Mn8 ($991k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $50k against liabilities of $0, net assets of $50k.