The Family Resource Network Inc
The Family Resource Network Inc. consistently operates with expenses exceeding revenue, yet maintains stable assets and reports no officer compensation.
EIN: 134205042 · East Windsor, NJ · NTEE: P28 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.4M |
| Total Expenses | $5.5M |
| Program Spending | 90% |
| Net Assets | $1.8M |
| Transparency Score | 85/100 |
Is The Family Resource Network Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Family Resource Network Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Family Resource Network Inc
The Family Resource Network Inc (EIN: 134205042) is a nonprofit organization based in East Windsor, NJ, classified under NTEE code P28. The organization reported total revenue of $7.4M and total assets of $3.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Family Resource Network Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Family Resource Network Inc is a mid-size nonprofit that has been operating for 3 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.9M |
| Total Expenses | $5.5M |
| Surplus / Deficit | $-540,122 |
| Total Assets | $4.1M |
| Total Liabilities | $2.3M |
| Net Assets | $1.8M |
| Operating Margin | -11.0% |
| Debt-to-Asset Ratio | 56.2% |
| Months of Reserves | 9.0 months |
Financial Health Grade: C
In 2023, The Family Resource Network Inc reported a deficit of $540K with expenses exceeding revenue, holds 9.0 months of operating reserves (strong position), has a debt-to-asset ratio of 56.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Family Resource Network Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.3% | +6.8% | -7.7% |
| 2022 | -16.7% | +5.2% | +24.9% |
| 2021 | +46.5% | +9.6% | -18.0% |
| 2020 | -1.5% | -12.2% | +24.4% |
| 2019 | +15.4% | +20.4% | -6.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2023 |
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 The Family Resource Network 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, The Family Resource Network Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 deficit of $540K, with expenses exceeding revenue.
- Debt-to-asset ratio: 56.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly unusual and suggests a strong commitment to directing resources to programs.
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.
Red Flags
The following concerns were identified during AI analysis of The Family Resource Network Inc's IRS 990 filings:
- Consistent operational deficits where expenses exceed revenue (e.g., $5.4M expenses vs. $4.9M revenue in 202312).
Strengths
The following positive indicators were identified for The Family Resource Network Inc:
- Consistent reporting of 0% officer compensation, indicating high efficiency in directing funds to mission.
- Stable asset base despite recurring operational deficits.
- Long filing history (13 filings) suggests established operations and transparency.
Frequently Asked Questions about The Family Resource Network Inc
Is The Family Resource Network Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Family Resource Network Inc (EIN: 134205042) some concerns. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
How does The Family Resource Network Inc spend its money?
The Family Resource Network Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Family Resource Network Inc tax-deductible?
The Family Resource Network Inc is registered as a tax-exempt nonprofit (EIN: 134205042). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Family Resource Network Inc's spending goes to programs?
The Family Resource Network Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Family Resource Network Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), The Family Resource Network Inc is above average for NTEE category P28 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Family Resource Network Inc located?
The Family Resource Network Inc is headquartered in East Windsor, New Jersey and files with the IRS under EIN 134205042. It is classified under NTEE code P28.
How many years of IRS 990 filings does The Family Resource Network Inc have?
The Family Resource Network 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 $7.4M in total revenue.
Is The Family Resource Network Inc. a good charity?
Based on the available data, the organization appears to be a good charity, particularly due to its consistent reporting of 0% officer compensation, suggesting a strong focus on program delivery. However, the recurring deficits where expenses exceed revenue warrant further investigation into funding sustainability.
How does The Family Resource Network Inc. manage its recurring deficits?
The filings show that expenses frequently exceed revenue (e.g., 202312: $4.9M revenue vs. $5.4M expenses). While assets remain stable, the organization likely relies on accumulated reserves or other funding mechanisms not detailed in this summary to cover these operational gaps.
What is the trend in the organization's assets and liabilities?
Assets have generally remained stable, fluctuating between $3.5M and $4.4M in recent years, with $4,095,732 in 202312. Liabilities have also varied, from $1.0M in 202112 to $2.3M in 202312, indicating a manageable but fluctuating debt profile.
Filing History
IRS 990 filing history for The Family Resource Network Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Family Resource Network Inc's revenue has declined by 17.4%, moving from $6.0M to $4.9M. Total assets increased by 121.4% over the same period, from $1.8M to $4.1M. Total functional expenses fell by 9.5%, from $6.0M to $5.5M. In its most recent filing year (2023), The Family Resource Network Inc reported a deficit of $540K, with expenses exceeding revenue. The organization holds $2.3M in liabilities against $4.1M in assets (debt-to-asset ratio: 56.2%), resulting in net assets of $1.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.9M | $5.5M | $4.1M | $2.3M | — | — |
| 2022 | $4.9M | $5.1M | $4.4M | $2.1M | — | — |
| 2021 | $5.9M | $4.9M | $3.6M | $1.0M | — | View 990 |
| 2020 | $4.0M | $4.4M | $4.3M | $2.8M | — | — |
| 2019 | $4.1M | $5.1M | $3.5M | $1.5M | — | View 990 |
| 2018 | $3.5M | $4.2M | $3.7M | $1.8M | — | View 990 |
| 2017 | $3.6M | $4.3M | $2.9M | $3.9M | — | — |
| 2016 | $3.9M | $4.1M | $2.7M | $3.0M | — | View 990 |
| 2015 | $5.1M | $5.3M | $3.0M | $3.2M | — | View 990 |
| 2014 | $5.3M | $5.2M | $4.2M | $4.2M | — | View 990 |
| 2013 | $5.7M | $5.8M | $3.0M | $3.0M | — | View 990 |
| 2012 | $5.8M | $5.9M | $2.5M | $2.5M | — | View 990 |
| 2011 | $6.0M | $6.0M | $1.8M | $1.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.9M, expenses of $5.5M, and assets of $4.1M (revenue +0.3% year-over-year).
- 2022: Revenue of $4.9M, expenses of $5.1M, and assets of $4.4M (revenue -16.7% year-over-year).
- 2021: Revenue of $5.9M, expenses of $4.9M, and assets of $3.6M (revenue +46.5% year-over-year).
- 2020: Revenue of $4.0M, expenses of $4.4M, and assets of $4.3M (revenue -1.5% year-over-year).
- 2019: Revenue of $4.1M, expenses of $5.1M, and assets of $3.5M (revenue +15.4% year-over-year).
- 2018: Revenue of $3.5M, expenses of $4.2M, and assets of $3.7M (revenue -2.1% year-over-year).
- 2017: Revenue of $3.6M, expenses of $4.3M, and assets of $2.9M (revenue -8.3% year-over-year).
- 2016: Revenue of $3.9M, expenses of $4.1M, and assets of $2.7M (revenue -23.3% year-over-year).
- 2015: Revenue of $5.1M, expenses of $5.3M, and assets of $3.0M (revenue -2.1% year-over-year).
- 2014: Revenue of $5.3M, expenses of $5.2M, and assets of $4.2M (revenue -8.5% year-over-year).
- 2013: Revenue of $5.7M, expenses of $5.8M, and assets of $3.0M (revenue -0.8% year-over-year).
- 2012: Revenue of $5.8M, expenses of $5.9M, and assets of $2.5M (revenue -3.0% year-over-year).
- 2011: Revenue of $6.0M, expenses of $6.0M, and assets of $1.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Family Resource Network Inc:
Data Sources and Methodology
This transparency report for The Family Resource Network 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.