Summit County Family Resource Center

Analysis

Summit County Family Resource Center is a registered charity in United States, based in Silverthorne, CO. It received its IRS tax-exemption ruling in December 1994, 32 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 2023, Summit County Family Resource Center reported income of $9.2m and spending of $5.3m, leaving 42% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $4.5m to $9.2m (+105%), an average of +20% a year. The sharpest change came in the year to September 2020, when income rose by 50%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Summit County Family Resource Center 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 96th percentile within CO. Charities of a similar size with the same main cause include T3 Labs ($9.2m), Urban League of Rochester N Y Inc ($9.2m) and Maranatha Human Services Inc ($9.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 78% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $157k (2.9% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $10.7m against liabilities of $623k, net assets of $10.1m. It reported 57 employees.