FAMILY HERITAGE FOUNDATION INC
Mission Statement
The mission of Family Heritage Foundation (FHF) is to help economically disadvantaged refugee children and their families by providing year-round educational, recreational, cultural, enrichment and outreach programs that meet their needs. Today’s children face challenges around every corner. We live in a world today where kids learn how to fight before they learn how to read, they learn how to dance before they learn how to pray. Drop-out rates are high, teen pregnancies are more and more the norm, and broken families abound. Especially for those who are economically disadvantaged, breaking the cycle of a legacy social problems is difficult. Too often, children are left to fend for themselves, lacking the tools to take on their own futures and become the next generation of successful leaders. Since October, 2002, FHF has been serving refuge families in Clarkston, GA, the most diverse square mile in the United States.
Financial Overview — FY 2023
Compared with Peers
FY 2023| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
80.9% | 88.7% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
16.4% | 8.8% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
2.6% | 0.0% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
10.2 mo | 9.7 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
3.7% | 0.5% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
99.3% | 90.2% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
-3.2% | 8.6% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-16.1% | 13.1% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
26.9% | 2.3% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $508K | $372K | $315K | 80.9% | 13 |
| 2022 | $525K | $443K | $179K | 81.7% | 10 |
| 2021 | $483K | $373K | N/A | — | 9 |
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