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. 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, Family Resource Agency Inc reported income of $9.5m and spending of $9.3m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.0m to $9.5m (+19%), an average of +4.4% a year. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Resource Agency Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within TN. Charities of a similar size with the same main cause include Casa Myrna Vasquez Inc ($9.5m), Childfirst Services Inc ($9.5m) and Far Southeast Family Strengthening Collaborative ($9.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $177k (1.9% of expenses). Other salaries and wages came to $5.7m. At year end it held assets of $3.5m against liabilities of $1.4m, net assets of $2.1m. It reported 244 employees.