Families Matter Inc

Analysis

Families Matter Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in March 2012, 14 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 June 2023, Families Matter Inc reported income of $2.7m and spending of $2.6m, spending 96% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $463k to $2.7m (+491%), an average of +81% a year. The sharpest change came in the year to June 2023, when income rose by 267%. 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 Matter Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within TN. Charities of a similar size with the same main cause include Community Residence Corporation ($2.7m), Frances a Allen School for Exceptional Children Inc ($2.7m) and Young Mens Christian Assn of Madison County Inc ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $98k (3.7% of expenses). Other salaries and wages came to $497k. At year end it held assets of $1.9m against liabilities of $1.4m, net assets of $458k. It reported 4 employees.