Family Place Inc

Analysis

Family Place Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in July 1978, 48 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, Family Place Inc reported income of $27.3m and spending of $24.5m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $13.4m to $27.3m (+105%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 90%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Place Inc 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 98th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Beacon Group Inc ($27.3m), Second Family Inc ($27.4m) and Burcham Hills Retirement Center II ($27.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 3.9% of the total. Compensation of current officers, directors and key employees was $919k (3.8% of expenses). Other salaries and wages came to $8.2m. At year end it held assets of $29.1m against liabilities of $3.0m, net assets of $26.1m. It reported 283 employees.