Family Resources of New Orleans Inc

Analysis

Family Resources of New Orleans Inc is a registered charity in United States, based in Boutte, LA. It received its IRS tax-exemption ruling in September 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 2022, Family Resources of New Orleans Inc reported income of $114k and spending of $130k, spending 115% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $28k to $114k (+313%), an average of +60% a year. The sharpest change came in the year to December 2020, when income rose by 316%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Resources of New Orleans Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within LA. Charities of a similar size with the same main cause include Taking People Places ($114k), Westchester Blue Foundation Inc ($114k) and Ms Inc ($114k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $2,847 (2.2% of expenses). Other salaries and wages came to $16k. At year end it held assets of $455k against liabilities of $512k, net assets of -$57k.