Family Resource Agency Inc

Analysis

Family Resource Agency Inc is a registered charity in United States, based in Cleveland, TN. It received its IRS tax-exemption ruling in February 1997, 29 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3).

In the financial year ending December 2023, Family Resource Agency Inc reported income of $13.5m and spending of $13.5m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $12.3m to $13.5m (+9.5%), an average of +2.3% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Family Resource Agency Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within TN. Charities of a similar size with the same main cause include The Arc of South Florida ($13.5m), Community Alternatives Unlimited ($13.5m) and Open Door Center ($13.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $177k (1.3% of expenses). Other salaries and wages came to $7.3m. At year end it held assets of $1.8m against liabilities of $1.3m, net assets of $564k. It reported 263 employees.