Sylvania Area Family Services Inc

Analysis

Sylvania Area Family Services Inc is a registered charity in United States, based in Sylvania, OH. It received its IRS tax-exemption ruling in February 1974, 52 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 December 2023, Sylvania Area Family Services Inc reported income of $922k and spending of $781k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $548k to $922k (+68%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 62%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sylvania Area Family Services Inc sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within OH. Charities of a similar size with the same main cause include Servant Stage Company ($922k), Habitat for Humanity International Inc ($923k) and Handson River Region ($922k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $74k (9.4% of expenses). Other salaries and wages came to $63k. At year end it held assets of $1.8m against liabilities of $7,580, net assets of $1.8m. It reported 6 employees.