Family Service Madison Inc

Analysis

Family Service Madison Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in June 1937, 89 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 Madison Inc reported income of $3.3m and spending of $3.7m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.1m to $3.3m (+8.2%), an average of +2.0% a year. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Family Service Madison Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within WI. Charities of a similar size with the same main cause include Girl Scouts of Southern Alabama Inc ($3.3m), Bridge Refugee Services Inc ($3.3m) and Nami Orange County ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $100k (2.7% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $1.6m against liabilities of $931k, net assets of $717k. It reported 63 employees.