Center for Family Resources Inc

Analysis

Center for Family Resources Inc is a registered charity in United States, based in Ringwood, NJ. It received its IRS tax-exemption ruling in January 1986, 40 years ago. 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 August 2023, Center for Family Resources Inc reported income of $13.2m and spending of $11.2m, spending 85% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $8.5m to $13.2m (+55%), an average of +12% a year. The sharpest change came in the year to August 2023, when income rose by 44%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Center for Family Resources Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NJ. Charities of a similar size with the same main cause include Volunteers of America Inc ($13.2m), Christian Retirement Homes Inc ($13.2m) and Washington County Opportunities Inc ($13.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $132k (1.2% of expenses). At year end it held assets of $6.4m against liabilities of $163k, net assets of $6.3m. It reported 193 employees.