Nicholas County Family Resource Network Inc

Analysis

Nicholas County Family Resource Network Inc is a registered charity in United States, based in Summersville, WV. It received its IRS tax-exemption ruling in December 1995, 31 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, Nicholas County Family Resource Network Inc reported income of $391k and spending of $290k, leaving 26% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $320k to $391k (+22%), an average of +6.9% a year. The sharpest change came in the year to June 2023, when income rose by 77%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Nicholas County Family Resource Network Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within WV. Charities of a similar size with the same main cause include Kingman County Council on Aging Inc ($391k), Unique Avenue ($391k) and Covington County Child Advocacy Center Inc ($391k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $57k (20% of expenses). Other salaries and wages came to $112k. At year end it held assets of $156k against liabilities of $24k, net assets of $132k. It reported 6 employees.