Families Forward Charlotte Inc

Analysis

Families Forward Charlotte Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in March 2017, 9 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 June 2024, Families Forward Charlotte Inc reported income of $1.3m and spending of $1.2m, spending 91% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $264k to $1.3m (+402%), an average of +38% a year. The sharpest change came in the year to June 2022, when income rose by 67%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Families Forward Charlotte Inc sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within NC. Charities of a similar size with the same main cause include Evansville Assn for the Blind ($1.3m), Grass Roots Development Inc ($1.3m) and Caldwell County Yokefellow Inc ($1.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $71k (5.9% of expenses). Other salaries and wages came to $394k. At year end it held assets of $843k against liabilities of $245k, net assets of $598k. It reported 7 employees.