Family Services Inc

Analysis

Family Services Inc is a registered charity in United States, based in N Charleston, SC. It received its IRS tax-exemption ruling in April 1971, 55 years ago. 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 December 2023, Family Services Inc reported income of $5.5m and spending of $4.8m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.2m to $5.5m (+31%), an average of +7.0% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Family Services Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 95th percentile within SC. Charities of a similar size with the same main cause include National Safe Skies Alliance Inc ($5.5m), Halifax Urban Ministries ($5.5m) and Pittsylvania County Community Action Inc ($5.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $164k (3.4% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $74.9m against liabilities of $66.9m, net assets of $8.0m. It reported 42 employees.