Family Resource and Referral Inc

Analysis

Family Resource and Referral Inc is a registered charity in United States, based in Roswell, NM. It received its IRS tax-exemption ruling in August 1986, 40 years ago. 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, Family Resource and Referral Inc reported income of $2.8m and spending of $2.3m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $2.8m (+41%), an average of +8.9% a year. The sharpest change came in the year to June 2022, when income rose by 42%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Family Resource and Referral Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NM. Charities of a similar size with the same main cause include Ocala Symphony Orchestra Inc ($2.8m), Old Dominion Eye Foundation Inc ($2.8m) and Birmingham Regional Paratransit Consortium ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $127k (5.4% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $2.2m against liabilities of $542k, net assets of $1.6m. It reported 78 employees.