Cobys Family Services

Analysis

Cobys Family Services is a registered charity in United States, based in Lancaster, PA. It received its IRS tax-exemption ruling in October 1982, 44 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 June 2023, Cobys Family Services reported income of $6.6m and spending of $6.7m, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $5.9m to $6.6m (+13%), an average of +4.0% a year. The sharpest change came in the year to June 2022, when income rose by 30%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cobys Family Services sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within PA. Charities of a similar size with the same main cause include Penobscot Bay YMCA ($6.6m), Shalimare Incorporated ($6.6m) and Nar Incorporated ($6.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $86k (1.3% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $10.0m against liabilities of $550k, net assets of $9.4m. It reported 124 employees.