Lincoln County Family Resource Network Inc

Analysis

Lincoln County Family Resource Network Inc is a registered charity in United States, based in West Hamlin, WV. It received its IRS tax-exemption ruling in October 2000, 26 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2024, Lincoln County Family Resource Network Inc reported income of $60k and spending of $60k, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $215k to $60k (-72%), an average of -27% a year. The sharpest change came in the year to June 2023, when income dropped by 68%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lincoln County Family Resource Network Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 22nd percentile within WV. Charities of a similar size with the same main cause include Industry Hub Inc ($60k), Anvil Community Development Corporation ($60k) and Temecula Sunrise Rotary Foundation ($60k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $31k against liabilities of $16k, net assets of $15k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.