Relief Resources Inc

Analysis

Relief Resources Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in July 2001, 25 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, Relief Resources Inc reported income of $4.6m and spending of $4.6m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $4.6m (+89%), an average of +17% a year. The sharpest change came in the year to June 2023, when income rose by 34%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Relief Resources Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NJ. Charities of a similar size with the same main cause include Child & Family Services Inc of Lea County ($4.6m), Wings for Kids ($4.6m) and Central California Nikkei Foundation ($4.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $596k (13% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $1.2m against liabilities of $1.4m, net assets of -$214k. It reported 30 employees.