Seacoast Family Promise

Analysis

Seacoast Family Promise is a registered charity in United States, based in Exeter, NH. It received its IRS tax-exemption ruling in January 2002, 24 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Seacoast Family Promise reported income of $806k and spending of $551k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $513k to $806k (+57%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 125%. Over the whole period it spent 58% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Seacoast Family Promise sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within NH. Charities of a similar size with the same main cause include Prestigious Academy Inc ($806k), Carroll Gardens Association Incorporated ($806k) and Phoenix Ministries 3 Inc ($806k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $80k (15% of expenses). Other salaries and wages came to $264k. At year end it held assets of $2.3m against liabilities of $17k, net assets of $2.3m. It reported 12 employees.