Northeast Family Resource Center

Analysis

Northeast Family Resource Center is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in May 1997, 29 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Northeast Family Resource Center reported income of $1.1m and spending of $1.1m, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.2m to $1.1m (-15%), an average of -5.4% a year. The sharpest change came in the year to June 2022, when income rose by 33%. Over the whole period it spent 83% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Northeast Family Resource Center sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within NE. Charities of a similar size with the same main cause include Civic New Markets Support Corporation III ($1.1m), Freedom Equity Inc ($1.1m) and Organization for Economic Intiatives Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $65k (6.1% of expenses). Other salaries and wages came to $677k. At year end it held assets of $981k against liabilities of $190k, net assets of $791k. It reported 63 employees.