Family Service Society Inc
Family Service Society Inc maintains stable finances with consistent revenue growth and no reported officer compensation.
EIN: 160743189 · Corning, NY · NTEE: P40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.6M |
| Total Expenses | $2.5M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $2.6 |
| Net Assets | $1.6M |
| Transparency Score | 88/100 |
Is Family Service Society Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Family Service Society Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Family Service Society Inc
Family Service Society Inc (EIN: 160743189) is a nonprofit organization based in Corning, NY, classified under NTEE code P40. The organization reported total revenue of $2.6M and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Family Service Society Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Family Service Society Inc is a mid-size nonprofit that has been operating for 79 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.6M |
| Total Expenses | $2.5M |
| Surplus / Deficit | +$100K |
| Total Assets | $2.1M |
| Total Liabilities | $440K |
| Net Assets | $1.6M |
| Operating Margin | 3.8% |
| Debt-to-Asset Ratio | 21.2% |
| Months of Reserves | 9.8 months |
Financial Health Grade: A
In 2023, Family Service Society Inc reported a surplus of $100K with revenue exceeding expenses, holds 9.8 months of operating reserves (strong position), has a debt-to-asset ratio of 21.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Family Service Society Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.0% | +5.4% | +12.1% |
| 2022 | -0.1% | +10.2% | +2.6% |
| 2021 | +16.9% | +3.7% | -3.2% |
| 2020 | -5.7% | -3.3% | +26.1% |
| 2019 | +1.9% | +0.6% | -1.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1947 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Family Service Society Inc with a Mission Score of 88 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Family Service Society Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $100K, with revenue exceeding expenses.
- Debt-to-asset ratio: 21.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is highly unusual for an organization with over $2.6 million in annual revenue. This suggests either a fully volunteer-led executive team or compensation is categorized differently, which warrants further investigation for complete transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Family Service Society Inc's IRS 990 filings:
- 0% officer compensation reported for an organization of this size, which is highly unusual and may indicate compensation is reported under other categories or a fully volunteer executive team, requiring further clarification for full transparency.
Strengths
The following positive indicators were identified for Family Service Society Inc:
- 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.
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) some concerns. Mission Score: 88/100. 1 red flag identified, 5 strengths noted.
How does Family Service Society Inc spend its money?
Family Service Society Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Family Service Society Inc tax-deductible?
Family Service Society Inc is registered as a tax-exempt nonprofit (EIN: 160743189). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Family Service Society Inc CEO make?
Family Service Society Inc's highest-compensated officer earns $2.6 annually. The organization reported $2.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Family Service Society Inc's spending goes to programs?
Family Service Society Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Family Service Society Inc compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Family Service Society Inc is above average for NTEE category P40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Family Service Society Inc located?
Family Service Society Inc is headquartered in Corning, New York and files with the IRS under EIN 160743189. It is classified under NTEE code P40.
How many years of IRS 990 filings does Family Service Society Inc have?
Family Service Society Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.6M in total revenue.
Is Family Service Society Inc a good charity?
Based on the available IRS 990 data, Family Service Society Inc appears to be a financially stable organization with consistent revenue growth and a strong asset base. The reported 0% officer compensation is a significant positive indicator of resource allocation towards its mission. However, a detailed breakdown of program vs. administrative spending would provide a more complete picture of its efficiency.
How has Family Service Society Inc's revenue changed over time?
Family Service Society Inc has shown consistent revenue growth over the past decade, increasing from $2,041,563 in 2014 to $2,636,476 in 2023, representing a growth of approximately 29%.
What is the organization's financial stability?
The organization demonstrates strong financial stability, consistently operating with a surplus (revenue exceeding expenses) and steadily growing its net assets from $1,327,569 in 2014 to $2,078,125 in 2023. Liabilities are also well-managed relative to assets.
Filing History
IRS 990 filing history for Family Service Society Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Family Service Society Inc's revenue has grown by 27.6%, moving from $2.1M to $2.6M. Total assets increased by 66% over the same period, from $1.3M to $2.1M. Total functional expenses rose by 23.5%, from $2.1M to $2.5M. In its most recent filing year (2023), Family Service Society Inc reported a surplus of $100K, with revenue exceeding expenses. The organization holds $440K in liabilities against $2.1M in assets (debt-to-asset ratio: 21.2%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.6M | $2.5M | $2.1M | $440K | — | — |
| 2022 | $2.5M | $2.4M | $1.9M | $478K | — | View 990 |
| 2021 | $2.5M | $2.2M | $1.8M | $491K | — | View 990 |
| 2020 | $2.1M | $2.1M | $1.9M | $849K | — | View 990 |
| 2019 | $2.2M | $2.2M | $1.5M | $467K | — | View 990 |
| 2018 | $2.2M | $2.2M | $1.5M | $554K | — | View 990 |
| 2017 | $2.2M | $2.1M | $1.6M | $642K | — | View 990 |
| 2016 | $2.1M | $2.0M | $1.4M | $529K | — | View 990 |
| 2015 | $2.1M | $2.0M | $1.3M | $541K | — | View 990 |
| 2014 | $2.0M | $2.0M | $1.3M | $600K | — | View 990 |
| 2013 | $2.1M | $2.1M | $1.3M | $571K | — | View 990 |
| 2012 | $2.0M | $2.0M | $1.2M | $523K | — | View 990 |
| 2011 | $2.1M | $2.1M | $1.3M | $608K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.6M, expenses of $2.5M, and assets of $2.1M (revenue +7.0% year-over-year).
- 2022: Revenue of $2.5M, expenses of $2.4M, and assets of $1.9M (revenue -0.1% year-over-year).
- 2021: Revenue of $2.5M, expenses of $2.2M, and assets of $1.8M (revenue +16.9% year-over-year).
- 2020: Revenue of $2.1M, expenses of $2.1M, and assets of $1.9M (revenue -5.7% year-over-year).
- 2019: Revenue of $2.2M, expenses of $2.2M, and assets of $1.5M (revenue +1.9% year-over-year).
- 2018: Revenue of $2.2M, expenses of $2.2M, and assets of $1.5M (revenue -0.6% year-over-year).
- 2017: Revenue of $2.2M, expenses of $2.1M, and assets of $1.6M (revenue +3.7% year-over-year).
- 2016: Revenue of $2.1M, expenses of $2.0M, and assets of $1.4M (revenue +1.0% year-over-year).
- 2015: Revenue of $2.1M, expenses of $2.0M, and assets of $1.3M (revenue +3.1% year-over-year).
- 2014: Revenue of $2.0M, expenses of $2.0M, and assets of $1.3M (revenue -2.1% year-over-year).
- 2013: Revenue of $2.1M, expenses of $2.1M, and assets of $1.3M (revenue +2.3% year-over-year).
- 2012: Revenue of $2.0M, expenses of $2.0M, and assets of $1.2M (revenue -1.4% year-over-year).
- 2011: Revenue of $2.1M, expenses of $2.1M, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Family Service Society Inc:
Data Sources and Methodology
This transparency report for Family Service Society Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.