Family and Community Resources Inc

Analysis

Family and Community Resources Inc is a registered charity in United States, based in Brockton, MA. It received its IRS tax-exemption ruling in February 1978, 48 years ago. 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 June 2023, Family and Community Resources Inc reported income of $4.0m and spending of $4.0m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $4.0m (+64%), an average of +13% a year. The sharpest change came in the year to June 2020, when income rose by 16%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Family and Community Resources Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MA. Charities of a similar size with the same main cause include Yanney Heritage Park Foundation ($4.0m), Jefferson Hills Area Ambulance Association ($4.0m) and Affordable Housing Key Partners ($4.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 8.0% of the total. Compensation of current officers, directors and key employees was $208k (5.2% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $2.1m against liabilities of $1.1m, net assets of $1.0m. It reported 74 employees.