Family Resources of Rutherford County Inc

Analysis

Family Resources of Rutherford County Inc is a registered charity in United States, based in Forest City, NC. It received its IRS tax-exemption ruling in August 1982, 44 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, Family Resources of Rutherford County Inc reported income of $1.4m and spending of $1.2m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.4m (+30%), an average of +6.8% a year. The sharpest change came in the year to June 2022, when income rose by 31%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Resources of Rutherford County Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within NC. Charities of a similar size with the same main cause include Alonzo a Daughtry Memorial Day Care Center ($1.4m), Madera Opportunities for Resident Enrichment and Services Inc ($1.4m) and Building Healthy Families ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. Other salaries and wages came to $743k. At year end it held assets of $1.3m against liabilities of $15k, net assets of $1.2m. It reported 27 employees.