Encouraging Kids Family Resource Center Inc

Analysis

Encouraging Kids Family Resource Center Inc is a registered charity in United States, based in Pennington, NJ. It received its IRS tax-exemption ruling in May 2022, 4 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 May 2023, Encouraging Kids Family Resource Center Inc reported income of $2.4m and spending of $2.3m, spending 95% of its income. Across the 2 years on record, from May 2022 to May 2023, income grew from $2.0m to $2.4m (+20%), an average of +20% a year. The sharpest change came in the year to May 2023, when income rose by 20%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Encouraging Kids Family Resource Center Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within NJ. Charities of a similar size with the same main cause include Chase Home ($2.4m), National Black Farmers Association Incorporated ($2.4m) and Womens Economic Self-Sufficiency Team Corp ($2.4m).

On its Form 990 for the period ending May 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $360k (16% of expenses). Other salaries and wages came to $701k. At year end it held assets of $515k against liabilities of $720k, net assets of -$206k. It reported 35 employees.