Thessalonika Family Services

Analysis

Thessalonika Family Services is a registered charity in United States, based in Temecula, CA. It received its IRS tax-exemption ruling in September 1995, 31 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 2023, Thessalonika Family Services reported income of $2.8m and spending of $2.4m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $572k to $2.8m (+388%), an average of +49% a year. The sharpest change came in the year to June 2022, when income rose by 317%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Thessalonika Family Services 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 88th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Bucks County Historical Society Mercer Museum ($2.8m), Particular Council of Jackson ($2.8m) and Capital Futbol Club ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $21k (0.9% of expenses). Other salaries and wages came to $377k. It paid $33k in professional fundraising fees. At year end it held assets of $2.1m against liabilities of $30k, net assets of $2.1m. It reported 15 employees.