Family Resource Center

Analysis

Family Resource Center is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 1987, 39 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 September 2023, Family Resource Center reported income of $1.3m and spending of $1.3m, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.7m to $1.3m (-20%), an average of -5.4% a year. The sharpest change came in the year to September 2021, when income rose by 28%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Resource Center sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within IL. Charities of a similar size with the same main cause include World-Class Childcare Inc ($1.3m), Consumer Credit Counseling Service of Western North Carolina Inc ($1.3m) and Encompass Ministries Inc ($1.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 21% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $155k (12% of expenses). Other salaries and wages came to $562k. At year end it held assets of $2.1m against liabilities of $205k, net assets of $1.8m. It reported 21 employees.