Family Resource Center

Analysis

Family Resource Center is a registered charity in United States, based in Sterling, CO. It received its IRS tax-exemption ruling in December 2006, 20 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 Center reported income of $533k and spending of $740k, spending 139% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $452k to $533k (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2020, when income rose by 56%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Resource Center sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within CO. Charities of a similar size with the same main cause include Victims of Violence Intervention Program Inc ($533k), The Freedom Foundation ($534k) and Family Management Financial Solutions Inc ($533k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 2.7% of the total. Other salaries and wages came to $319k. At year end it held assets of $1.0m against liabilities of $108k, net assets of $933k. It reported 24 employees.