Family Records Inc

Analysis

Family Records Inc is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in November 2003, 23 years ago. Its declared purposes cover arts, culture and humanities, 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 December 2023, Family Records Inc reported income of $670k and spending of $670k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $700k to $670k (-4.3%), an average of -1.1% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Family Records Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within UT. Charities of a similar size with the same main cause include Georgia Sports Hall of Fame Foundation Inc ($670k), Women in Technology Inc ($670k) and National Fresh Water Fishing Hall of Fame Inc ($670k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $906 against liabilities of $0, net assets of $906.