Brooke Hancock Family Resource Network Inc

Analysis

Brooke Hancock Family Resource Network Inc is a registered charity in United States, based in Weirton, WV. It received its IRS tax-exemption ruling in December 1996, 30 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, Brooke Hancock Family Resource Network Inc reported income of $1.2m and spending of $1.2m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $862k to $1.2m (+35%), an average of +7.8% a year. The sharpest change came in the year to June 2023, when income rose by 40%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Brooke Hancock Family Resource Network Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within WV. Charities of a similar size with the same main cause include Aid to Distressed Families of Appalachian Counties Inc-Adfac Inc ($1.2m), East CNTRL Ill Rfug Mutl Assist Ctr ($1.2m) and Ten Yad Kallah Gemach Inc ($1.2m).

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 $67k (5.8% of expenses). Other salaries and wages came to $497k. At year end it held assets of $251k against liabilities of $18k, net assets of $233k. It reported 23 employees.