Resources for Independence Central Valley

Analysis

Resources for Independence Central Valley is a registered charity in United States, based in Fresno, CA. It received its IRS tax-exemption ruling in May 1976, 50 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Resources for Independence Central Valley reported income of $2.1m and spending of $2.0m, spending 95% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.1m to $2.1m (+100%), an average of +19% a year. The sharpest change came in the year to September 2022, when income rose by 32%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Resources for Independence Central Valley sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Crime Victims Center of Chester County Inc ($2.1m), Gay & Lesbian Community Services Center of Orange County ($2.1m) and Zoomers Inc ($2.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 95% and program service revenue 4.5% of the total. Compensation of current officers, directors and key employees was $92k (4.5% of expenses). Other salaries and wages came to $940k. At year end it held assets of $1.7m against liabilities of $420k, net assets of $1.3m. It reported 35 employees.