Family Service Center of Galveston County Texas

Analysis

Family Service Center of Galveston County Texas is a registered charity in United States, based in Galveston, TX. It received its IRS tax-exemption ruling in October 1951, 75 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 August 2023, Family Service Center of Galveston County Texas reported income of $3.4m and spending of $4.1m, spending 119% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $3.6m to $3.4m (-6.5%), an average of -1.7% a year. The sharpest change came in the year to August 2021, when income rose by 35%. 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, Family Service Center of Galveston County Texas sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include Enhanced Living Inc ($3.4m), Georgia Campaign for Adolescent Power and Potential Inc ($3.4m) and Red Hook Initiative ($3.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 91% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $184k (4.5% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $5.1m against liabilities of $629k, net assets of $4.5m. It reported 69 employees.