Family for Life Inc

Analysis

Family for Life Inc is a registered charity in United States, based in Owasso, OK. It received its IRS tax-exemption ruling in September 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 December 2023, Family for Life Inc reported income of $669k and spending of $641k, spending 96% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $309k to $669k (+116%), an average of +29% a year. The sharpest change came in the year to December 2021, when income rose by 62%. 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 for Life Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within OK. Charities of a similar size with the same main cause include Care 4 Me Inc ($668k), Neema Project ($669k) and Connections Peer Support Center ($668k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $159k (25% of expenses). Other salaries and wages came to $262k. At year end it held assets of $70k against liabilities of $0, net assets of $70k. It reported 21 employees.