Strategic Solutions for Families Inc

Analysis

Strategic Solutions for Families Inc is a registered charity in United States, based in Booneville, MS. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Strategic Solutions for Families Inc reported income of $1.1m and spending of $1.0m, spending 94% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $88k to $1.1m (+1143%), an average of +132% a year. The sharpest change came in the year to December 2021, when income rose by 635%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Strategic Solutions for Families Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within MS. Charities of a similar size with the same main cause include Volunteers of America Inc ($1.1m), Amethyst Housing Development Fund Company Inc ($1.1m) and Upper Canada College Foundation ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $112k (11% of expenses). Other salaries and wages came to $430k. At year end it held assets of $120k against liabilities of $265k, net assets of -$145k. It reported 17 employees.