Family Promise of Southern New Hampshire

Analysis

Family Promise of Southern New Hampshire is a registered charity in United States, based in Nashua, NH. It received its IRS tax-exemption ruling in September 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Family Promise of Southern New Hampshire reported income of $944k and spending of $1.5m, spending 154% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $478k to $944k (+97%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 723%. Over the whole period it spent 58% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Promise of Southern New Hampshire sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within NH. Charities of a similar size with the same main cause include Thrifty Sisters ($944k), Temech Inc ($944k) and LDM Community Developmentcorporation ($944k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 4.1% of the total. Compensation of current officers, directors and key employees was $97k (6.7% of expenses). Other salaries and wages came to $462k. At year end it held assets of $5.8m against liabilities of $1.8m, net assets of $4.1m. It reported 12 employees.