Resources Exchange Association

Analysis

Resources Exchange Association is a registered charity in United States, based in Burlington, NC. It received its IRS tax-exemption ruling in August 1985, 41 years ago. 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, Resources Exchange Association reported income of $4.2m and spending of $2.3m, leaving 46% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.7m to $4.2m (+58%), an average of +12% a year. The sharpest change came in the year to December 2021, when income dropped by 144%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Resources Exchange Association sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NC. Charities of a similar size with the same main cause include Beam Center Inc ($4.2m), Montessori Association of Covina ($4.2m) and Young Mens and Young Womens Hebrew Association of Williamsburg Inc ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 556% of the total. Compensation of current officers, directors and key employees was $172k (7.5% of expenses). Other salaries and wages came to $726k. At year end it held assets of $26.4m against liabilities of $143k, net assets of $26.3m. It reported 33 employees.