Family Resource Center Association Inc

Analysis

Family Resource Center Association Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in December 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Family Resource Center Association Inc reported income of $2.3m and spending of $2.2m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $2.3m (+79%), an average of +16% a year. The sharpest change came in the year to June 2020, when income rose by 224%. Over the whole period it spent 134% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Resource Center Association Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CO. Charities of a similar size with the same main cause include Family Extended Care of Sarasota Inc ($2.3m), Planned Parenthood Minnesota North Dakota South Dakota Fund ($2.3m) and Ohio County & Independent Agricultural Societies ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $159k (7.2% of expenses). Other salaries and wages came to $649k. At year end it held assets of $620k against liabilities of $309k, net assets of $311k. It reported 15 employees.