Presbyterian Homes & Family Services Inc

Analysis

Presbyterian Homes & Family Services Inc is a registered charity in United States, based in Lynchburg, VA. It received its IRS tax-exemption ruling in November 1941, 85 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 December 2023, Presbyterian Homes & Family Services Inc reported income of $20.3m and spending of $21.7m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $12.2m to $20.3m (+66%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 65%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Presbyterian Homes & Family Services Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within VA. Charities of a similar size with the same main cause include Food Bank of Lincoln Inc ($20.3m), Jewish Family Service ($20.3m) and Channel One Inc ($20.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $385k (1.8% of expenses). Other salaries and wages came to $6.3m. At year end it held assets of $42.3m against liabilities of $4.4m, net assets of $37.9m. It reported 193 employees.