Formation Counseling Services Inc

Analysis

Formation Counseling Services Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in March 2005, 21 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 December 2023, Formation Counseling Services Inc reported income of $1.8m and spending of $1.9m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $1.8m (+14%), an average of +3.3% a year. The sharpest change came in the year to December 2021, when income rose by 21%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Formation Counseling Services Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within NM. Charities of a similar size with the same main cause include Vitae Clinic Inc ($1.8m), Piedmont Athens Regional Foundation Inc ($1.8m) and Kingfisher Regional Hospital ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $452k against liabilities of $3,891, net assets of $449k. It reported 48 employees.