Fairgrove Family Resource Center

Analysis

Fairgrove Family Resource Center is a registered charity in United States, based in Thomasville, NC. It received its IRS tax-exemption ruling in May 1996, 30 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, Fairgrove Family Resource Center reported income of $463k and spending of $383k, spending 83% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $362k to $463k (+28%), an average of +6.3% a year. The sharpest change came in the year to June 2023, when income rose by 29%. Over the whole period it spent 83% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Fairgrove Family Resource Center sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within NC. Charities of a similar size with the same main cause include World Servants Inc ($463k), Pawtucket Soup Kitchen ($463k) and Urban League of the Greater San Francisco Bay Area ($463k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 48% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $119k (31% of expenses). Other salaries and wages came to $113k. At year end it held assets of $517k against liabilities of $6,422, net assets of $511k. It reported 12 employees.