Foundation Resource Center Inc

Analysis

Foundation Resource Center Inc is a registered charity in United States, based in Statesboro, GA. It received its IRS tax-exemption ruling in November 2021, 5 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 December 2023, Foundation Resource Center Inc reported income of $207k and spending of $152k, leaving 26% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $71k to $207k (+193%), an average of +71% a year. The sharpest change came in the year to December 2022, when income rose by 75%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foundation Resource Center Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 58th percentile within GA. Charities of a similar size with the same main cause include Camp Smile Inc ($207k), Dtom 22 0 Foundation ($207k) and Hamilton County Historical Society Inc ($207k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $76k. At year end it held assets of $92k against liabilities of $1,569, net assets of $91k. It reported 5 employees.