Family Services Inc

Analysis

Family Services Inc is a registered charity in United States, based in Lafayette, IN. It received its IRS tax-exemption ruling in May 1965, 61 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 December 2023, Family Services Inc reported income of $1.6m and spending of $1.5m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.6m to $1.6m (-3.9%), an average of -1.0% a year. The sharpest change came in the year to December 2021, when income dropped by 15%. 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 Services Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within IN. Charities of a similar size with the same main cause include Families Inc ($1.6m), Community Food Bank of Citrus County Inc ($1.6m) and Mary Lanning Healthcare Foundation ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $124k (8.1% of expenses). Other salaries and wages came to $959k. At year end it held assets of $2.1m against liabilities of $1.0m, net assets of $1.1m. It reported 34 employees.