Mid-Coast Family Services

Analysis

Mid-Coast Family Services is a registered charity in United States, based in Victoria, TX. It received its IRS tax-exemption ruling in July 2022, 4 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 August 2023, Mid-Coast Family Services reported income of $5.3m and spending of $5.4m, spending 101% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $3.5m to $5.3m (+54%), an average of +11% a year. The sharpest change came in the year to August 2020, when income rose by 44%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mid-Coast Family Services sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include The Joe Torre Safe at Home Foundation ($5.3m), Rescue Mission of Salt Lake Inc ($5.4m) and Csa ($5.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 96% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $265k (4.9% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $5.3m against liabilities of $2.3m, net assets of $3.0m. It reported 102 employees.