Family Development Services Inc

Analysis

Family Development Services Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in November 1996, 30 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 February 2024, Family Development Services Inc reported income of $21.5m and spending of $21.6m, spending 101% of its income. Across the 4 years on record, from February 2020 to February 2024, income grew from $18.5m to $21.5m (+16%), an average of +5.0% a year. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Family Development Services Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IN. Charities of a similar size with the same main cause include Proteus Inc ($21.4m), Community Action Inc ($21.5m) and Rural Economic Development Center Inc ($21.4m).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $275k (1.3% of expenses). Other salaries and wages came to $10.8m. At year end it held assets of $18.8m against liabilities of $13.1m, net assets of $5.7m. It reported 357 employees.