Family Resource Network Inc

Analysis

Family Resource Network Inc is a registered charity in United States, based in Oneonta, NY. It received its IRS tax-exemption ruling in January 1995, 31 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, Family Resource Network Inc reported income of $717k and spending of $732k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $855k to $717k (-16%), an average of -4.3% a year. The sharpest change came in the year to December 2022, when income dropped by 21%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Resource Network Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Adult Enrichment Services of Wilkes ($717k), Humboldt Community Daycare Inc ($717k) and Citilookout ($717k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $78k (11% of expenses). Other salaries and wages came to $349k. At year end it held assets of $648k against liabilities of $227k, net assets of $421k. It reported 14 employees.