Family Resource Associates Inc
Family Resource Associates Inc: Consistent Revenue, High Program Spending
EIN: 222285850 · Red Bank, NJ · Updated: 2026-04-04
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| Metric | Value |
|---|---|
| Total Revenue | $3.3M |
| Total Expenses | $2.6M |
| Program Spending | 89% |
| CEO/Top Officer Pay | $2,894,782 |
| Net Assets | $3.7M |
| Transparency Score | 85/100 |
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Family Resource Associates Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Family Resource Associates Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Family Resource Associates Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $2.9M and expenses of $2.6M.
Revenue and Expenses
Family Resource Associates Inc reported $2.9M in revenue and $2.6M in expenses, a surplus of $250K.
Executive Compensation
Top officer compensation appears as $2,894,782 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
85/100 mission score, 0 red flags, and 3 strengths are shown from structured and AI review.
Is Family Resource Associates Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
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Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $2.4M (89%) |
Across stored filings, Family Resource Associates Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Appears Legitimate | Good filing record; no red flags identified |
| Mission spend | 89% to programs | Excellent |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Dance For The Cure Inc | New Jersey and category context |
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Family Resource Associates Inc directs 89% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Family Resource Associates Inc
Family Resource Associates Inc (EIN: 222285850) is a nonprofit organization based in Red Bank, NJ. The organization reported total revenue of $3.3M and total assets of $3.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Family Resource Associates Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Family Resource Associates Inc is a mid-size nonprofit that has been operating for 46 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.9M |
| Total Expenses | $2.6M |
| Surplus / Deficit | +$250K |
| Total Assets | $3.8M |
| Total Liabilities | $118K |
| Net Assets | $3.7M |
| Operating Margin | 8.6% |
| Debt-to-Asset Ratio | 3.1% |
| Months of Reserves | 17.2 months |
Financial Health Grade: A
In 2023, Family Resource Associates Inc reported a surplus of $250K with revenue exceeding expenses, holds 17.2 months of operating reserves (strong position), has a debt-to-asset ratio of 3.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Family Resource Associates Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.1% | +16.1% | +10.3% |
| 2022 | +11.7% | +13.9% | -20.7% |
| 2021 | -12.5% | -22.3% | +1.0% |
| 2020 | -6.0% | -2.7% | +21.9% |
| 2019 | +5.8% | +28.9% | +9.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1980 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Family Resource Associates Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 89%
- fundraising: 6%
According to IRS 990 filings, Family Resource Associates Inc allocates its expenses as follows: admin: 5%, programs: 89%, fundraising: 6%. With 89% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $250K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.1%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, preventing a specific assessment of its reasonableness relative to the organization's revenue of $2,894,782 in 2023.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Family Resource Associates Inc:
- Consistently high program spending, with 89% of expenses dedicated to programs in 2023 ($2,644,899 out of $2,971,199 total expenses).
- Stable revenue generation over the past several years, consistently around $2.5M - $3.2M.
- Healthy asset base of $3,782,060 in 2023, significantly exceeding liabilities.
Frequently Asked Questions about Family Resource Associates Inc
Is Family Resource Associates Inc a legitimate charity?
Family Resource Associates Inc (EIN: 222285850) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.3M. No red flags identified. 3 strengths noted. Financial health grade: A.
How does Family Resource Associates Inc spend its money?
Family Resource Associates Inc directs 89% of its spending to programs and services. Fundraising costs 6%. This exceeds the 65% industry benchmark.
Are donations to Family Resource Associates Inc tax-deductible?
Family Resource Associates Inc is registered as a tax-exempt nonprofit (EIN: 222285850). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Family Resource Associates Inc CEO make?
Family Resource Associates Inc's highest-compensated officer earns $2,894,782 annually. The organization reported $3.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Family Resource Associates Inc's spending goes to programs?
Family Resource Associates Inc directs 89% to programs, 6% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Family Resource Associates Inc located?
Family Resource Associates Inc is headquartered in Red Bank, New Jersey and files with the IRS under EIN 222285850.
How many years of IRS 990 filings does Family Resource Associates Inc have?
Family Resource Associates Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.3M in total revenue.
What does Family Resource Associates Inc do?
Family Resource Associates Inc is a nonprofit organization in the Unknown sector, located in Red Bank, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Family Resource Associates Inc have?
Family Resource Associates Inc reported total revenue of $3,280,388. Based on 13 IRS 990 filings on record.
What are Family Resource Associates Inc's total assets?
Family Resource Associates Inc holds total assets of $3,731,388 as reported in IRS 990 filings.
Where is Family Resource Associates Inc located?
Family Resource Associates Inc is based in Red Bank, New Jersey.
What is Family Resource Associates Inc's EIN?
Family Resource Associates Inc's Employer Identification Number (EIN) is 222285850. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Family Resource Associates Inc?
Family Resource Associates Inc is classified under NTEE code Unknown (Unknown).
Is Family Resource Associates Inc a registered 501(c)(3)?
Family Resource Associates Inc appears in IRS records (EIN: 222285850). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Family Resource Associates Inc file IRS Form 990?
Yes, Family Resource Associates Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Family Resource Associates Inc's revenue in 2023?
In the 202306 filing period, Family Resource Associates Inc reported total revenue of $2,894,782, total expenses of $2,644,899, and net assets of $3,782,060.
Is Family Resource Associates Inc's revenue growing or declining?
Family Resource Associates Inc's revenue is relatively stable. Revenue went from $2,898,148 (202206) to $2,894,782 (202306), a -0.1% change. Based on 13 filings on record.
What is Family Resource Associates Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Family Resource Associates Inc covers tax period 202306. It shows revenue of $2,894,782, expenses of $2,644,899, total assets of $3,782,060, and liabilities of $118,302.
How much does Family Resource Associates Inc spend on programs vs administration?
Based on IRS 990 analysis, Family Resource Associates Inc allocates approximately 89% of expenses to program services, 5% to administrative costs, and 6% to fundraising. This indicates strong program focus.
Is Family Resource Associates Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Family Resource Associates Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 3 strengths noted.
What are Family Resource Associates Inc's strengths?
Positive indicators for Family Resource Associates Inc include: Consistently high program spending, with 89% of expenses dedicated to programs in 2023 ($2,644,899 out of $2,971,199 total expenses).. Stable revenue generation over the past several years, consistently around $2.5M - $3.2M.. Healthy asset base of $3,782,060 in 2023, significantly exceeding liabilities.. These findings are derived from AI analysis of the organization's financial filings.
How does Family Resource Associates Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, preventing a specific assessment of its reasonableness relative to the organization's revenue of $2,894,782 in 2023. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has the organization managed to maintain such a high program spending ratio consistently over the years?
Family Resource Associates Inc consistently allocates a significant portion of its expenses to programs, with 89% in 2023 ($2,644,899) and 88% in 2022 ($2,278,396), indicating a strong commitment to direct service delivery and efficient administrative and fundraising operations.
Filing History
IRS 990 filing history for Family Resource Associates Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Family Resource Associates Inc's revenue has grown by 104.6%, moving from $1.4M to $2.9M. Total assets increased by 1256.1% over the same period, from $279K to $3.8M. Total functional expenses rose by 89.1%, from $1.4M to $2.6M. In its most recent filing year (2023), Family Resource Associates Inc reported a surplus of $250K, with revenue exceeding expenses. The organization holds $118K in liabilities against $3.8M in assets (debt-to-asset ratio: 3.1%), resulting in net assets of $3.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.9M | $2.6M | $3.8M | $118K | — | View 990 |
| 2022 | $2.9M | $2.3M | $3.4M | $15K | — | View 990 |
| 2021 | $2.6M | $2.0M | $4.3M | $1.5M | — | View 990 |
| 2020 | $3.0M | $2.6M | $4.3M | $1.7M | — | View 990 |
| 2019 | $3.2M | $2.6M | $3.5M | $1.3M | — | View 990 |
| 2018 | $3.0M | $2.1M | $3.2M | $1.5M | — | View 990 |
| 2017 | $2.3M | $2.0M | $877K | $89K | — | View 990 |
| 2016 | $2.2M | $1.9M | $599K | $42K | — | View 990 |
| 2015 | $1.8M | $1.8M | $361K | $114K | — | View 990 |
| 2014 | $1.6M | $1.6M | $283K | $84K | — | View 990 |
| 2013 | $1.5M | $1.5M | $247K | $59K | — | View 990 |
| 2012 | $1.5M | $1.5M | $246K | $40K | — | View 990 |
| 2011 | $1.4M | $1.4M | $279K | $113K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.9M, expenses of $2.6M, and assets of $3.8M (revenue -0.1% year-over-year).
- 2022: Revenue of $2.9M, expenses of $2.3M, and assets of $3.4M (revenue +11.7% year-over-year).
- 2021: Revenue of $2.6M, expenses of $2.0M, and assets of $4.3M (revenue -12.5% year-over-year).
- 2020: Revenue of $3.0M, expenses of $2.6M, and assets of $4.3M (revenue -6.0% year-over-year).
- 2019: Revenue of $3.2M, expenses of $2.6M, and assets of $3.5M (revenue +5.8% year-over-year).
- 2018: Revenue of $3.0M, expenses of $2.1M, and assets of $3.2M (revenue +32.4% year-over-year).
- 2017: Revenue of $2.3M, expenses of $2.0M, and assets of $877K (revenue +2.3% year-over-year).
- 2016: Revenue of $2.2M, expenses of $1.9M, and assets of $599K (revenue +20.4% year-over-year).
- 2015: Revenue of $1.8M, expenses of $1.8M, and assets of $361K (revenue +13.7% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.6M, and assets of $283K (revenue +6.9% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.5M, and assets of $247K (revenue +0.9% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.5M, and assets of $246K (revenue +5.4% year-over-year).
- 2011: Revenue of $1.4M, expenses of $1.4M, and assets of $279K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Family Resource Associates Inc:
Data Sources and Methodology
This transparency report for Family Resource Associates Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.