Centers for Children and Families Inc

Analysis

Centers for Children and Families Inc is a registered charity in United States, based in Midland, TX. It received its IRS tax-exemption ruling in July 1961, 65 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 August 2023, Centers for Children and Families Inc reported income of $5.8m and spending of $5.3m, spending 92% of its income. Across the 5 years on record, from December 2019 to August 2023, income grew from $3.9m to $5.8m (+48%), an average of +10% a year. The sharpest change came in the year to August 2022, when income rose by 64%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Centers for Children and Families Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Valley Manor of Greater Rochester Inc ($5.8m), With Gods Grace ($5.8m) and Foundation for Lutheran Child and Family Services Indiana Inc ($5.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 35% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $257k (4.8% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $7.3m against liabilities of $542k, net assets of $6.7m. It reported 56 employees.