Family Resource Center Inc

Analysis

Family Resource Center Inc is a registered charity in United States, based in St Thomas, VI. It received its IRS tax-exemption ruling in October 2018, 8 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 September 2022, Family Resource Center Inc reported income of $664k and spending of $882k, spending 133% of what it took in. Across the 4 years on record, from September 2019 to September 2022, income grew from $598k to $664k (+11%), an average of +3.5% a year. The sharpest change came in the year to September 2020, when income rose by 33%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Resource Center Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 80th percentile within VI. Charities of a similar size with the same main cause include Dress for Success of Oregon Inc ($664k), Wecaretn ($664k) and Verland Commons ($664k).

On its Form 990 for the period ending September 2022, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $443k. At year end it held assets of $2.1m against liabilities of $82k, net assets of $2.0m. It reported 16 employees.