Border Financial Resources Inc

Analysis

Border Financial Resources Inc is a registered charity in United States, based in San Luis, AZ. It received its IRS tax-exemption ruling in July 2007, 19 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Border Financial Resources Inc reported income of $171k and spending of $273k, spending 159% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $269k to $171k (-36%), an average of -11% a year. The sharpest change came in the year to December 2021, when income rose by 50%. Over the whole period it spent 83% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Border Financial Resources Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within AZ. Charities of a similar size with the same main cause include Sprocket Mural Works Inc ($171k), Family Promise of Carteret County ($171k) and Street Dreamz Foundation Inc ($171k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 4.8% of the total. Other salaries and wages came to $135k. At year end it held assets of $833k against liabilities of $402k, net assets of $431k.