Family Service Inc

Analysis

Family Service Inc is a registered charity in United States, based in Billings, MT. It received its IRS tax-exemption ruling in November 1965, 61 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 June 2023, Family Service Inc reported income of $8.3m and spending of $9.5m, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.8m to $8.3m (+73%), an average of +15% a year. The sharpest change came in the year to June 2020, when income rose by 108%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Service Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 96th percentile within MT. Charities of a similar size with the same main cause include Childcare Resources ($8.3m), Our Childrens Homestead Inc ($8.3m) and Partners in Child Development Inc ($8.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $7.3m against liabilities of $105k, net assets of $7.2m. It reported 39 employees.