Resourced Inc

Analysis

Resourced Inc is a registered charity in United States, based in Springfield, MO. It received its IRS tax-exemption ruling in October 2015, 11 years ago. Its declared purposes cover food, agriculture and nutrition, 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 December 2023, Resourced Inc reported income of $799k and spending of $3.9m, spending 490% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.9m to $799k (-72%), an average of -28% a year. The sharpest change came in the year to December 2020, when income rose by 393%. Over the whole period it spent 71% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Resourced Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within MO. Charities of a similar size with the same main cause include Family Partners of Hudson County ($799k), Angelic Organics Learning Center Inc ($799k) and Al Kanfei Nisharim Inc ($799k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $643k (16% of expenses). Other salaries and wages came to $640k. At year end it held assets of $11.1m against liabilities of $50k, net assets of $11.0m. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.