Macedonia Family Resource Center Inc

Analysis

Macedonia Family Resource Center Inc is a registered charity in United States, based in High Point, NC. It received its IRS tax-exemption ruling in October 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, Macedonia Family Resource Center Inc reported income of $267k and spending of $226k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $223k to $267k (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2020, when income rose by 45%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Macedonia Family Resource Center Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within NC. Charities of a similar size with the same main cause include Healing Broken Circles Inc ($267k), Roots Thrift Store Inc ($267k) and Childrens Bridge of Zichron Menachem Inc ($267k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $74k (33% of expenses). Other salaries and wages came to $20k. At year end it held assets of $432k against liabilities of $2,500, net assets of $430k. It reported 4 employees.