Families for Children Inc

Analysis

Families for Children Inc is a registered charity in United States, based in Inglewood, CA. It received its IRS tax-exemption ruling in August 1993, 33 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 December 2023, Families for Children Inc reported income of $1.1m and spending of $814k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $996k to $1.1m (+11%), an average of +2.6% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Families for Children Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Society of St Vincent de Paul of Monroe Inc ($1.1m), Advance Oc ($1.1m) and Genesis Program Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $149k (18% of expenses). Other salaries and wages came to $385k. At year end it held assets of $824k against liabilities of $480k, net assets of $343k. It reported 12 employees.