Work-Family Resource Center Inc

Analysis

Work-Family Resource Center Inc is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in April 1992, 34 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, Work-Family Resource Center Inc reported income of $1.3m and spending of $1.6m, spending 127% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $1.3m (+21%), an average of +4.8% a year. The sharpest change came in the year to June 2020, when income rose by 71%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Work-Family Resource Center Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within NC. Charities of a similar size with the same main cause include Empower Her Network Inc ($1.3m), Philly Kidz Initiative LLC ($1.3m) and Hope of Ogle County ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 3.4% of the total. Compensation of current officers, directors and key employees was $95k (5.9% of expenses). Other salaries and wages came to $810k. At year end it held assets of $361k against liabilities of $143k, net assets of $218k. It reported 19 employees.

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.