Family Resource Exchange

Analysis

Family Resource Exchange is a registered charity in United States, based in Herington, KS. It received its IRS tax-exemption ruling in January 2002, 24 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 December 2023, Family Resource Exchange reported income of $69k and spending of $46k, leaving 33% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $23k to $69k (+200%), an average of +73% a year. The sharpest change came in the year to December 2022, when income rose by 191%. Over the whole period it spent 68% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Resource Exchange sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 25th percentile within KS. Charities of a similar size with the same main cause include The Marayah Cares Foundation ($69k), Prospect Housing Properties Inc ($69k) and Angel Wings Foundation ($69k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 38% of the total. At year end it held assets of $177k against liabilities of $0, net assets of $177k.