Family Resources

Analysis

Family Resources is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in November 1941, 85 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 reported income of $6.0m and spending of $6.0m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $7.2m to $6.0m (-17%), an average of -5.9% a year. The sharpest change came in the year to June 2023, when income dropped by 26%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Resources sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within PA. Charities of a similar size with the same main cause include Cedars Home for Children Foundation Inc ($6.0m), Youth Frontiers Inc ($6.0m) and Georgia Avenue Family Support Collaborative ($6.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 8.2% of the total. Compensation of current officers, directors and key employees was $165k (2.8% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $18.4m against liabilities of $1.4m, net assets of $17.0m. It reported 100 employees.