Family Service Association

Analysis

Family Service Association is a registered charity in United States, based in Corsicana, TX. It received its IRS tax-exemption ruling in April 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 December 2023, Family Service Association reported income of $648k and spending of $749k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $867k to $648k (-25%), an average of -7.0% a year. The sharpest change came in the year to December 2020, when income dropped by 33%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Service Association sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within TX. Charities of a similar size with the same main cause include Warrens Cranberry Festival Inc ($648k), Jompeame Foundation ($648k) and Heartland International Ministries ($648k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $73k (9.7% of expenses). Other salaries and wages came to $272k. At year end it held assets of $747k against liabilities of $8,874, net assets of $738k. It reported 10 employees.