Family Service Society Inc

Analysis

Family Service Society Inc is a registered charity in United States, based in Paducah, KY. It received its IRS tax-exemption ruling in February 1973, 53 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 March 2023, Family Service Society Inc reported income of $1.3m and spending of $1.2m, spending 95% of its income. Across the 4 years on record, from March 2020 to March 2023, income grew from $655k to $1.3m (+93%), an average of +24% a year. The sharpest change came in the year to March 2021, when income rose by 65%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Service Society Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within KY. Charities of a similar size with the same main cause include Hospice of Sweetwater County Inc ($1.3m), Riverworks ($1.3m) and Herndon-Reston Fish Inc ($1.3m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 87% of the total. Compensation of current officers, directors and key employees was $60k (5.0% of expenses). Other salaries and wages came to $97k. At year end it held assets of $1.2m against liabilities of $79k, net assets of $1.2m. It reported 5 employees.