Family Resources Inc

Analysis

Family Resources Inc is a registered charity in United States, based in Pinellas Park, FL. It received its IRS tax-exemption ruling in June 1972, 54 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 Resources Inc reported income of $10.2m and spending of $9.0m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.7m to $10.2m (+17%), an average of +4.0% a year. The sharpest change came in the year to June 2023, when income rose by 23%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Resources Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Jewish Silicon Valley ($10.2m), Child Educational Center Caltech JPL Community ($10.2m) and Community Workshop & Training Center Inc ($10.2m).

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 $256k (2.9% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $10.5m against liabilities of $1.9m, net assets of $8.6m. It reported 156 employees.