Answers Resource Facility

Analysis

Answers Resource Facility is a registered charity in United States, based in Keystone HGTS, FL. It received its IRS tax-exemption ruling in August 2011, 15 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, Answers Resource Facility reported income of $215k and spending of $180k, spending 84% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $303k to $215k (-29%), an average of -11% a year. The sharpest change came in the year to December 2022, when income dropped by 25%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Answers Resource Facility sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 59th percentile within FL. Charities of a similar size with the same main cause include The NC National Guard Soldiers and Airmen Assistance Fund Inc ($215k), People for People Foundation of Gloucester County Inc ($215k) and Change a Path ($215k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $114k (63% of expenses). At year end it held assets of $41k against liabilities of $2,063, net assets of $39k. It reported 5 employees.