Resource Foundation Inc

Analysis

Resource Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1988, 38 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 December 2023, Resource Foundation Inc reported income of $2.8m and spending of $2.6m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.2m to $2.8m (-34%), an average of -9.8% a year. The sharpest change came in the year to December 2022, when income dropped by 44%. Over the whole period it spent 114% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Resource Foundation Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Sheptytsky Arms Inc ($2.8m), Nevada Risk Pooling ($2.8m) and West Central Illinois Area Agency on Aging ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $75k (2.8% of expenses). Other salaries and wages came to $139k. At year end it held assets of $1.4m against liabilities of $174k, net assets of $1.2m. It reported 5 employees.