Family Resources Center

Analysis

Family Resources Center is a registered charity in United States, based in Wytheville, VA. It received its IRS tax-exemption ruling in December 1983, 43 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 June 2023, Family Resources Center reported income of $1.3m and spending of $1.2m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $1.3m (+24%), an average of +5.5% a year. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Resources Center sits at the 78th 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 VA. Charities of a similar size with the same main cause include Westcare Oregon Inc ($1.3m), Venezia Innovative Services ($1.3m) and Daniels Table Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $70k (5.7% of expenses). Other salaries and wages came to $557k. At year end it held assets of $419k against liabilities of $163k, net assets of $256k. It reported 16 employees.