Financial Resolutions

Analysis

Financial Resolutions is a registered charity in United States, based in Owatonna, MN. It received its IRS tax-exemption ruling in July 2006, 20 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Financial Resolutions reported income of $169k and spending of $170k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $133k to $169k (+27%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Financial Resolutions sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within MN. Charities of a similar size with the same main cause include Little River Club Inc ($169k), South Carolina Congress of Parents and Teachers ($169k) and Perry High School Alumni Association Inc ($169k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $15k against liabilities of $0, net assets of $15k.