Mineral County Family Resource Network Corp

Analysis

Mineral County Family Resource Network Corp is a registered charity in United States, based in Keyser, WV. It received its IRS tax-exemption ruling in April 2000, 26 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, Mineral County Family Resource Network Corp reported income of $192k and spending of $166k, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $179k to $192k (+7.2%), an average of +1.8% a year. The sharpest change came in the year to June 2020, when income dropped by 23%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mineral County Family Resource Network Corp sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within WV. Charities of a similar size with the same main cause include Birthday Blessings ($192k), Our Village Closet ($192k) and Hearts of Empowerment Inc ($192k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% of the total. Compensation of current officers, directors and key employees was $19k (11% of expenses). Other salaries and wages came to $27k. At year end it held assets of $225k against liabilities of $0, net assets of $225k. It reported 3 employees.