Hires Family Resources Inc

Analysis

Hires Family Resources Inc is a registered charity in United States, based in Yakima, WA. It received its IRS tax-exemption ruling in June 2002, 24 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 December 2023, Hires Family Resources Inc reported income of $380k and spending of $396k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $384k to $380k (-1.1%), an average of -0.3% a year. The sharpest change came in the year to December 2021, when income dropped by 15%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hires Family Resources Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within WA. Charities of a similar size with the same main cause include Youthability Inc ($379k), Small Town Hope Inc ($380k) and Good Shepherd Food Pantry of Bertie County NC Inc ($379k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.1% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $116k (29% of expenses). Other salaries and wages came to $176k. At year end it held assets of $10k against liabilities of $757, net assets of $9,490. It reported 7 employees.