Resource Exchange Inc

Analysis

Resource Exchange Inc is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in September 1967, 59 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 June 2023, Resource Exchange Inc reported income of $26.5m and spending of $26.8m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $21.9m to $26.5m (+21%), an average of +4.8% a year. The sharpest change came in the year to June 2020, when income rose by 20%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Resource Exchange Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CO. Charities of a similar size with the same main cause include Indiana Youth Institute Inc ($26.5m), Northwest Michigan Community Action Agency Inc ($26.5m) and Southeast Texas Food Bank ($26.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.9% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $381k (1.4% of expenses). Other salaries and wages came to $19.0m. At year end it held assets of $15.3m against liabilities of $8.1m, net assets of $7.2m. It reported 485 employees.