Family Services Inc

Analysis

Family Services Inc is a registered charity in United States, based in Poughkeepsie, NY. It received its IRS tax-exemption ruling in February 1943, 83 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Family Services Inc reported income of $24.8m and spending of $21.5m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $14.6m to $24.8m (+70%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 25%. 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, Family Services Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Akron Summit Community Action Agency ($24.8m), National Museum of Women in the Arts Inc ($24.8m) and Hudson Institute Inc ($24.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $837k (3.9% of expenses). Other salaries and wages came to $11.8m. It paid $39k in professional fundraising fees. At year end it held assets of $21.3m against liabilities of $4.9m, net assets of $16.4m. It reported 323 employees.