Frisco Family Services Center

Analysis

Frisco Family Services Center is a registered charity in United States, based in Frisco, TX. It received its IRS tax-exemption ruling in July 1994, 32 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 June 2024, Frisco Family Services Center reported income of $4.2m and spending of $4.9m, spending 116% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $3.7m to $4.2m (+14%), an average of +2.7% a year. The sharpest change came in the year to June 2021, when income rose by 20%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Frisco Family Services Center sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include Define American ($4.2m), Love Inc of the Tri-Cities ($4.2m) and Child Rescue Coalition Inc ($4.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 77% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $10.4m against liabilities of $3.0m, net assets of $7.4m. It reported 48 employees.