Family Service Corporation

Analysis

Family Service Corporation is a registered charity in United States, based in Thibodaux, LA. It received its IRS tax-exemption ruling in March 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Family Service Corporation reported income of $331k and spending of $325k, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $238k to $331k (+39%), an average of +8.6% a year. The sharpest change came in the year to June 2023, when income rose by 44%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Service Corporation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within LA. Charities of a similar size with the same main cause include U-Two Mentorship Program Inc ($331k), Great Oak Equine Assisted Programs ($331k) and Eneput Childrens Center ($331k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $2,000 (0.6% of expenses). At year end it held assets of $7,400 against liabilities of $0, net assets of $7,400.