Resource a Nonprofit Community Enterprise Inc

Analysis

Resource a Nonprofit Community Enterprise Inc is a registered charity in United States, based in Williston, VT. It received its IRS tax-exemption ruling in May 1991, 35 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Resource a Nonprofit Community Enterprise Inc reported income of $7.1m and spending of $6.6m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.5m to $7.1m (+57%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 20%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Resource a Nonprofit Community Enterprise Inc sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within VT. Charities of a similar size with the same main cause include Ladies Relief Society of Denver ($7.1m), Morning Star Mission Ministries ($7.1m) and Real Hope Inc ($7.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $118k (1.8% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $10.6m against liabilities of $6.7m, net assets of $4.0m. It reported 402 employees.