Generations Family Services Inc

Analysis

Generations Family Services Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in December 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 November 2023, Generations Family Services Inc reported income of $540k and spending of $574k, spending 106% of what it took in. Across the 5 years on record, from November 2019 to November 2023, income grew from $158k to $540k (+241%), an average of +36% a year. The sharpest change came in the year to November 2020, when income rose by 76%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Generations Family Services Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within NC. Charities of a similar size with the same main cause include Twin Ports Guardianship & Payee Services Inc ($540k), Babies Need Bottoms Inc ($540k) and Power 52 Inc ($540k).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 95% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $89k (15% of expenses). Other salaries and wages came to $275k. At year end it held assets of $438k against liabilities of $453k, net assets of -$15k. It reported 13 employees.