Family & Childrens Services Inc

Analysis

Family & Childrens Services Inc is a registered charity in United States, based in Elizabeth, NJ. It received its IRS tax-exemption ruling in March 1942, 84 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 & Childrens Services Inc reported income of $2.3m and spending of $2.4m, spending 104% of its income. Across the 5 years on record, from December 2019 to June 2023, income fell from $3.1m to $2.3m (-25%), an average of -7.1% a year. The sharpest change came in the year to June 2023, when income rose by 84%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family & Childrens Services Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within NJ. Charities of a similar size with the same main cause include Dallas First Presbyterian Church Developmental Day School ($2.3m), Butterflys Haven ($2.3m) and St Josephs Center Foundation ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $291k (12% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $1.3m against liabilities of $574k, net assets of $695k. It reported 40 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.