Family Service Association of Howard County Inc

Analysis

Family Service Association of Howard County Inc is a registered charity in United States, based in Kokomo, IN. It received its IRS tax-exemption ruling in March 1970, 56 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, Family Service Association of Howard County Inc reported income of $2.6m and spending of $2.5m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $2.6m (+36%), an average of +7.9% a year. The sharpest change came in the year to December 2022, when income rose by 38%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Family Service Association of Howard County Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within IN. Charities of a similar size with the same main cause include Four County Library System ($2.6m), Special Olympics Louisiana Inc ($2.6m) and The Fulton School ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $85k (3.5% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $4.0m against liabilities of $121k, net assets of $3.9m. It reported 63 employees.