Family Resource Center South Atlantic

Analysis

Family Resource Center South Atlantic is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in August 2004, 22 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, Family Resource Center South Atlantic reported income of $1.3m and spending of $1.5m, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.3m to $1.3m (-43%), an average of -13% a year. The sharpest change came in the year to June 2023, when income dropped by 28%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Resource Center South Atlantic sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within NC. Charities of a similar size with the same main cause include Child Care Resource and Referral Inc ($1.3m), South Suburban Council on Homelessness ($1.3m) and Sexual Violence Law Center ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $95k (6.2% of expenses). Other salaries and wages came to $13k. At year end it held assets of $162k against liabilities of $84k, net assets of $78k. It reported 35 employees.