Family Resource Network of the Panhandle Inc

Analysis

Family Resource Network of the Panhandle Inc is a registered charity in United States, based in Martinsburg, WV. It received its IRS tax-exemption ruling in August 1998, 28 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 Resource Network of the Panhandle Inc reported income of $57k and spending of $47k, spending 83% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $67k to $57k (-16%), an average of -16% a year. The sharpest change came in the year to June 2023, when income dropped by 16%. 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 Resource Network of the Panhandle Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within WV. Charities of a similar size with the same main cause include The Somebody Cares Foundation ($57k), Bald Knob Senior Center 55 Plus ($57k) and White Barn ($57k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $23k against liabilities of $0, net assets of $23k.