Family Services Inc

Analysis

Family Services Inc is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in August 1962, 64 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 $12.2m and spending of $11.6m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $12.3m to $12.2m (-1.3%), an average of -0.3% a year. Over the whole period it spent 97% 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 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NC. Charities of a similar size with the same main cause include Healthnetwork Foundation ($12.1m), Step by Step Family Support Center ($12.2m) and Claremont House Inc ($12.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 5.1% of the total. Compensation of current officers, directors and key employees was $186k (1.6% of expenses). Other salaries and wages came to $5.3m. At year end it held assets of $14.5m against liabilities of $6.3m, net assets of $8.2m. It reported 199 employees.