Family Service Agency of Bay County Inc

Analysis

Family Service Agency of Bay County Inc is a registered charity in United States, based in Panama City, FL. It received its IRS tax-exemption ruling in November 1954, 72 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 December 2023, Family Service Agency of Bay County Inc reported income of $875k and spending of $857k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $690k to $875k (+27%), an average of +6.1% a year. The sharpest change came in the year to December 2020, when income rose by 86%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Service Agency of Bay County Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within FL. Charities of a similar size with the same main cause include Stone Soup PDX ($875k), Project Lemonade Inc ($876k) and One Roof Ecumenical Allianceoutreach Incorporation ($875k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $20k (2.3% of expenses). Other salaries and wages came to $103k. At year end it held assets of $546k against liabilities of $228k, net assets of $318k. It reported 6 employees.