PHuman ServicesEIN: 823528268· Ruling Year: 2019

Family Independence Inc

Roxbury, Massachusetts

A-Health Score
83A-

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Very Good

💰
$2.1M
Total Revenue
📊
$1.4M
Total Expenses
🏦
$4.9M
Net Assets
📋
$767K
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
-51.2%
Year-over-year change (2022 → 2023)
Net Margin
+33.9%
Revenue minus expenses as % of revenue
Working Capital Ratio
3.56
Net assets divided by total expenses
Liabilities-to-Assets
13.7%
Total liabilities as % of total assets

Filing History

6 filings on record
YearRevenueExpensesAssets
2023$2,061,97151%$1,363,31838%$5,618,99634%
2022$4,227,942188%$989,49612%$4,187,219365%
2021$1,467,2724919%$885,3475546%$901,338207%
2020$29,2333%$15,6825978%$293,293881%
2019$30,000$258$29,8922989100%
2018$0$0$1

Frequently Asked Questions

What does Family Independence Inc do?

Family Independence Inc is a human services nonprofit organization based in Massachusetts. It is classified under NTEE code P40 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Family Independence Inc financially healthy?

Based on our 9-metric Financial Health Score model, Family Independence Inc has a score of 83/100 (Grade: A-). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Family Independence Inc generate?

Family Independence Inc reports $3.4M in annual revenue and holds $9.6M in total assets, based on IRS filings.

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