Fontana Resources at Work

Analysis

Fontana Resources at Work is a registered charity in United States, based in RCH Cucamonga, CA. It received its IRS tax-exemption ruling in April 1966, 60 years ago. Its declared purposes cover employment, 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 2024, Fontana Resources at Work reported income of $1.7m and spending of $1.9m, spending 111% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $2.0m to $1.7m (-12%), an average of -2.6% a year. The sharpest change came in the year to June 2021, when income rose by 106%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Fontana Resources at Work sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Myrtle Beach Downtown Alliance Inc ($1.7m), United Enterprises II Inc ($1.7m) and South Bend Elkhart Regional Partnership Foundation ($1.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 78% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $76k (4.0% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $2.5m against liabilities of $70k, net assets of $2.5m. It reported 73 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.