Center for Family Services of Palm Beach County Inc

Analysis

Center for Family Services of Palm Beach County Inc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in June 1966, 60 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 June 2023, Center for Family Services of Palm Beach County Inc reported income of $3.2m and spending of $3.3m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.8m to $3.2m (+14%), an average of +3.3% a year. The sharpest change came in the year to June 2022, when income rose by 29%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Center for Family Services of Palm Beach County Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within FL. Charities of a similar size with the same main cause include Polish & Slavic Center Inc ($3.2m), Steeple Pointe Senior Living Community ($3.2m) and Food Well Alliance Inc ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $253k (7.7% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $3.0m against liabilities of $911k, net assets of $2.1m. It reported 62 employees.