Is Family Service Society Inc Legit? —…

Strengths

Consistent revenue growth, increasing from $2,041,563 in 2014 to $2,636,476 in 2023.
Positive net income (revenue exceeding expenses) in most reported periods, indicating sound financial management.
Steady growth in assets, from $1,327,569 in 2014 to $2,078,125 in 2023, enhancing long-term stability.
Low liabilities relative to assets, indicating a healthy balance sheet.
Consistent filing of IRS 990 forms over 13 periods, demonstrating good compliance and transparency.

Spending Breakdown

How Family Service Society Inc allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Family Service Society Inc

Is Family Service Society Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Family Service Society Inc (EIN: 160743189) appears trustworthy. Mission Score: 88/100. 1 red flag identified, 5 strengths noted.

Is Family Service Society Inc a good charity to donate to?

Family Service Society Inc has a Mission Score of 88/100. Revenue: $2.6M. Assets: $2.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Family Service Society Inc?

The Employer Identification Number (EIN) for Family Service Society Inc is 160743189. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Family Service Society Inc spend its money?

Family Service Society Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Family Service Society Inc's tax-exempt status?

You can verify Family Service Society Inc's tax-exempt status using EIN 160743189 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Family Service Society Inc demonstrates consistent financial health with a stable revenue stream and positive net assets over the past decade. In the latest filing (202312), the organization reported revenues of $2,636,476 against expenses of $2,536,215, indicating a surplus. The organization's assets have also shown steady growth, reaching $2,078,125 in 2023, up from $1,327,569 in 2014, suggesting good financial management and accumulation of resources.

The spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation across all available filings. This indicates that the organization's leadership is either entirely volunteer-based or compensated through other means not categorized as officer compensation, which is a positive sign for donor confidence. Without a detailed breakdown of program, administrative, and fundraising expenses, a precise efficiency ratio cannot be calculated, but the overall expense management seems prudent given the consistent surpluses.

Transparency is generally good, with 13 years of consistent IRS 990 filings available. The absence of reported officer compensation is a notable aspect of their financial reporting. To further enhance transparency, a more detailed breakdown of functional expenses (program, administrative, fundraising) within the 990 filings would provide a clearer picture of how funds are allocated.

Is Family Service Society Inc Legit?

Verdict: Family Service Society Inc appears trustworthy

Red Flags