The Family Resource Network Inc

Analysis

The Family Resource Network Inc is a registered charity in United States, based in East Windsor, NJ. It received its IRS tax-exemption ruling in October 2023, 3 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 December 2023, The Family Resource Network Inc reported income of $4.9m and spending of $5.5m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.1m to $4.9m (+21%), an average of +4.8% a year. The sharpest change came in the year to December 2021, when income rose by 46%. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Family Resource Network 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 92nd percentile, and in the 93rd percentile within NJ. Charities of a similar size with the same main cause include Foundation for Talbert House ($4.9m), Our Neighbors Table ($4.9m) and Cullman County Center for the Developmentally Disabled Inc ($4.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $318k (5.8% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $4.1m against liabilities of $2.3m, net assets of $1.8m. It reported 163 employees.