Families Connect Inc

Analysis

Families Connect Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in September 2020, 6 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 Connect Inc reported income of $602k and spending of $560k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $39k to $602k (+1455%), an average of +1455% a year. The sharpest change came in the year to December 2023, when income rose by 1455%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Families Connect Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within FL. Charities of a similar size with the same main cause include Deaf Abused Women Network ($602k), One Body One Hope ($603k) and Jewish Woman Entrepreneur ($602k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.4% of the total. Other salaries and wages came to $348k. At year end it held assets of $82k against liabilities of $38k, net assets of $44k. It reported 11 employees.