Family & Childrens Services of Central Maryland Inc

Analysis

Family & Childrens Services of Central Maryland Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in August 1943, 83 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 June 2023, Family & Childrens Services of Central Maryland Inc reported income of $8.3m and spending of $8.5m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.7m to $8.3m (+7.7%), an average of +1.9% a year. The sharpest change came in the year to June 2023, when income dropped by 21%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family & Childrens Services of Central Maryland Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MD. Charities of a similar size with the same main cause include Decatur-Macon County Opportunities Corporation ($8.3m), The Wellspring Alliance for Families Inc ($8.3m) and Latino Community Fund of Washingtonstate ($8.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $553k (6.5% of expenses). Other salaries and wages came to $4.5m. At year end it held assets of $17.3m against liabilities of $3.6m, net assets of $13.8m. It reported 136 employees.