First Care Family Resources Inc

Analysis

First Care Family Resources Inc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in April 1984, 42 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 December 2023, First Care Family Resources Inc reported income of $3.5m and spending of $2.5m, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $3.5m (+87%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 82%. Over the whole period it spent 72% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, First Care Family Resources Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within FL. Charities of a similar size with the same main cause include Harborcov Inc ($3.5m), BRCC Fund ($3.5m) and Menifee County Nursing Home Corporation ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $185k (7.5% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $6.1m against liabilities of $293k, net assets of $5.8m. It reported 30 employees.