Family Service Society Inc

Analysis

Family Service Society Inc is a registered charity in United States, based in Corning, NY. It received its IRS tax-exemption ruling in June 1947, 79 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Family Service Society Inc reported income of $2.6m and spending of $2.5m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $2.6m (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2021, when income rose by 17%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Service Society Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Capital Area Family Violence Battered Womens Pro ($2.6m), Autauga Western Elmore Arc ($2.6m) and Family Health & Support Network Inc ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $187k (7.4% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $2.1m against liabilities of $440k, net assets of $1.6m. It reported 72 employees.