Family Centered Services of CT

Analysis

Family Centered Services of CT is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in March 1978, 48 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, Family Centered Services of CT reported income of $5.5m and spending of $5.7m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.2m to $5.5m (+32%), an average of +7.2% a year. The sharpest change came in the year to June 2020, when income rose by 16%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Family Centered Services of CT sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within CT. Charities of a similar size with the same main cause include Pacific Bankers Management Institute ($5.5m), Suncom Industries Inc ($5.5m) and Centre for Public Impact North America Inc ($5.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $189k (3.3% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $3.2m against liabilities of $2.0m, net assets of $1.2m. It reported 60 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.