Child & Family Services Inc

Analysis

Child & Family Services Inc is a registered charity in United States, based in New Bedford, MA. It received its IRS tax-exemption ruling in April 1938, 88 years ago. 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, Child & Family Services Inc reported income of $38.7m and spending of $33.8m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $30.5m to $38.7m (+27%), an average of +6.2% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Child & Family Services Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MA. Charities of a similar size with the same main cause include Rural Health Services Consortium Inc ($38.7m), Armenian General Benevolent Union ($38.8m) and Portland State University Foundation ($38.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $411k (1.2% of expenses). Other salaries and wages came to $22.4m. At year end it held assets of $35.3m against liabilities of $13.5m, net assets of $21.8m. It reported 594 employees.