Family Service Inc

Analysis

Family Service Inc is a registered charity in United States, based in Sioux Falls, SD. It received its IRS tax-exemption ruling in July 1960, 66 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 Inc reported income of $1.5m and spending of $1.6m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.5m (+18%), an average of +4.2% 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 Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within SD. Charities of a similar size with the same main cause include Dance Alive Inc ($1.5m), C C D S Foundation ($1.5m) and United Day Care Center ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $86k (5.4% of expenses). Other salaries and wages came to $506k. At year end it held assets of $926k against liabilities of $515k, net assets of $411k. It reported 23 employees.