Resource Depot Inc

Analysis

Resource Depot Inc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in January 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2023, Resource Depot Inc reported income of $677k and spending of $623k, spending 92% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $534k to $677k (+27%), an average of +6.1% a year. The sharpest change came in the year to September 2023, when income rose by 16%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Resource Depot Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 77th percentile within FL. Charities of a similar size with the same main cause include Golden State Salmon Association Inc ($677k), Kids Club After School Program ($677k) and Ossipee Cornerstone Christian Academy Inc ($677k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 82% of the total. Compensation of current officers, directors and key employees was $104k (17% of expenses). Other salaries and wages came to $205k. At year end it held assets of $596k against liabilities of $17k, net assets of $579k. It reported 8 employees.