Louisiana Family Services Inc

Analysis

Louisiana Family Services Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Louisiana Family Services Inc reported income of $6.0m and spending of $6.9m, spending 114% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $9.0m to $6.0m (-33%), an average of -33% a year. The sharpest change came in the year to June 2023, when income dropped by 33%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Louisiana Family Services Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Tacoma Community House ($6.0m), Haitian Youth and Community Center of Florida Inc ($6.0m) and Terrebonne Council on Aging ($6.0m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $778k against liabilities of $425k, net assets of $353k.