Families for Families

Analysis

Families for Families is a registered charity in United States, based in Wyckoff, NJ. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Families for Families reported income of $481k and spending of $522k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $353k to $481k (+36%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Families for Families sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 75th percentile within NJ. Charities of a similar size with the same main cause include Diversified Community Services ($480k), Ecocollective Farm School Inc ($481k) and Trips for Kids Charlotte ($480k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $57k (11% of expenses). At year end it held assets of $96k against liabilities of $0, net assets of $96k.