Falmouth Service Center Inc

Analysis

Falmouth Service Center Inc is a registered charity in United States, based in Falmouth, MA. It received its IRS tax-exemption ruling in December 1986, 40 years ago. 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 March 2023, Falmouth Service Center Inc reported income of $3.2m and spending of $3.3m, spending 103% of its income. Across the 4 years on record, from March 2020 to March 2023, income grew from $2.8m to $3.2m (+17%), an average of +5.3% a year. The sharpest change came in the year to March 2021, when income rose by 38%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Falmouth Service Center Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MA. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($3.2m), East Central Kansas a a a ($3.2m) and Woburn Council of Social Concern Inc ($3.2m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $599k. At year end it held assets of $7.2m against liabilities of $1.0m, net assets of $6.1m. It reported 15 employees.