Resource Connections Incorporated

Analysis

Resource Connections Incorporated is a registered charity in United States, based in Lanham, MD. It received its IRS tax-exemption ruling in August 2003, 23 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 June 2023, Resource Connections Incorporated reported income of $6.7m and spending of $5.4m, spending 80% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $8.9m to $6.7m (-25%), an average of -6.8% a year. The sharpest change came in the year to June 2023, when income dropped by 20%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Resource Connections Incorporated sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MD. Charities of a similar size with the same main cause include Child Inc ($6.7m), Jewish Community Centre of York Pennsylvania ($6.7m) and Food Bank of El Dorado County ($6.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $238k (4.4% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $7.2m against liabilities of $1.9m, net assets of $5.3m. It reported 88 employees.