Family Promise of Gallatin Valley Inc

Analysis

Family Promise of Gallatin Valley Inc is a registered charity in United States, based in Bozeman, MT. It received its IRS tax-exemption ruling in October 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Family Promise of Gallatin Valley Inc reported income of $4.1m and spending of $2.7m, leaving 33% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $899k to $4.1m (+353%), an average of +66% a year. The sharpest change came in the year to June 2021, when income rose by 240%. 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 Gallatin Valley Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within MT. Charities of a similar size with the same main cause include Suburban Hospice Inc ($4.1m), Masonic Home of Kentucky Pediatric Daycare Inc ($4.1m) and Mrelief ($4.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $118k (4.3% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $6.2m against liabilities of $822k, net assets of $5.3m. It reported 48 employees.