Family Services Inc

Analysis

Family Services Inc is a registered charity in United States, based in Gaithersburg, MD. It received its IRS tax-exemption ruling in June 1960, 66 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 Services Inc reported income of $37.6m and spending of $36.1m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $24.9m to $37.6m (+51%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 15%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Services Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MD. Charities of a similar size with the same main cause include Cooperative for Human Services Inc ($37.5m), FP Assistance Inc ($37.6m) and Masonic Homes of California ($37.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. Other salaries and wages came to $20.7m. At year end it held assets of $27.5m against liabilities of $16.1m, net assets of $11.4m. It reported 522 employees.