Institute for Family Development

Analysis

Institute for Family Development is a registered charity in United States, based in Federal Way, WA. It received its IRS tax-exemption ruling in May 1982, 44 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. 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, Institute for Family Development reported income of $10.5m and spending of $10.4m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.8m to $10.5m (+7.7%), an average of +1.9% a year. The sharpest change came in the year to June 2023, when income rose by 22%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Institute for Family Development sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within WA. Charities of a similar size with the same main cause include Lower East Side Tenement Museum ($10.5m), Atlanta Ballet Incorporated ($10.6m) and Oregon Ballet Theatre ($10.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $184k (1.8% of expenses). Other salaries and wages came to $6.7m. At year end it held assets of $8.0m against liabilities of $1.6m, net assets of $6.4m. It reported 159 employees.