Institute of Community Services Incorporated

Analysis

Institute of Community Services Incorporated is a registered charity in United States, based in Holly Springs, MS. It received its IRS tax-exemption ruling in March 1971, 55 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 January 2024, Institute of Community Services Incorporated reported income of $44.5m and spending of $44.8m, spending 101% of its income. Across the 5 years on record, from January 2020 to January 2024, income grew from $36.1m to $44.5m (+23%), an average of +5.4% a year. The sharpest change came in the year to January 2022, when income rose by 22%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Institute of Community Services Incorporated sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MS. Charities of a similar size with the same main cause include Adelphoi Village Inc ($44.4m), Mountaineer Food Bank Inc ($44.5m) and Feeding Southwest Virginia ($44.4m).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $342k (0.8% of expenses). Other salaries and wages came to $25.3m. At year end it held assets of $6.6m against liabilities of $6.5m, net assets of $173k. It reported 933 employees.