Financial Resources Fcu Foundationsinc

Analysis

Financial Resources Fcu Foundationsinc is a registered charity in United States, based in Branchburg, NJ. It received its IRS tax-exemption ruling in May 2007, 19 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Financial Resources Fcu Foundationsinc reported income of $104k and spending of $50k, leaving 52% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $51k to $104k (+103%), an average of +103% a year. The sharpest change came in the year to December 2023, when income rose by 103%. Over the whole period it spent 65% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Financial Resources Fcu Foundationsinc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 46th percentile within NJ. Charities of a similar size with the same main cause include Dwight D Eisenhower High School Athletic Booster Club ($103k), Quest Youth Organization Inc ($104k) and Peter J Mulrey Foundation Inc ($103k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 122% of the total. At year end it held assets of $113k against liabilities of $3,392, net assets of $109k.