Finally Family Homes

Analysis

Finally Family Homes is a registered charity in United States, based in Santa Clarita, CA. It received its IRS tax-exemption ruling in October 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, Finally Family Homes reported income of $358k and spending of $240k, leaving 33% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $122k to $358k (+194%), an average of +194% a year. The sharpest change came in the year to December 2023, when income rose by 194%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Finally Family Homes sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within CA. Charities of a similar size with the same main cause include Senora Woods Retirement Community ($358k), His Eye Is on the Sparrow ($358k) and Kfyi Knoxville Food Youth Initiative ($357k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $950. At year end it held assets of $220k against liabilities of $1,617, net assets of $219k. It reported 1 employees.