Resource Development Inc

Analysis

Resource Development Inc is a registered charity in United States, based in Cornelius, NC. It received its IRS tax-exemption ruling in June 2002, 24 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Resource Development Inc reported income of $60k and spending of $60k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $56k to $60k (+7.5%), an average of +7.5% a year. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Resource Development Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 22nd percentile within NC. Charities of a similar size with the same main cause include Living Word Ministries ($60k), Africa International Missions Inc ($60k) and Institute for Theonomic Reformation ($60k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $419 against liabilities of $0, net assets of $419.