Cordova Family Resource Center

Analysis

Cordova Family Resource Center is a registered charity in United States, based in Cordova, AK. It received its IRS tax-exemption ruling in December 1993, 33 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, Cordova Family Resource Center reported income of $503k and spending of $457k, spending 91% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $404k to $503k (+25%), an average of +7.6% a year. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cordova Family Resource Center sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 67th percentile within AK. Charities of a similar size with the same main cause include Chicago Family Business Council Inc ($503k), National Association of Housing Cooperatives ($504k) and Top of Iowa Welcome Center ($503k).

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 $118k (26% of expenses). Other salaries and wages came to $179k. At year end it held assets of $335k against liabilities of $61k, net assets of $273k. It reported 6 employees.