Family Promise of Cape May County Inc

Analysis

Family Promise of Cape May County Inc is a registered charity in United States, based in N Cape May, NJ. It received its IRS tax-exemption ruling in May 2007, 19 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 December 2023, Family Promise of Cape May County Inc reported income of $415k and spending of $387k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $424k to $415k (-2.1%), an average of -0.5% a year. The sharpest change came in the year to December 2021, when income rose by 49%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Promise of Cape May County Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 73rd percentile within NJ. Charities of a similar size with the same main cause include Forever Fed Inc ($415k), Region 6 Housing Trust Fund Inc ($415k) and Preparing Tomorrows Leaders Today ($415k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% of the total. Other salaries and wages came to $160k. At year end it held assets of $1.1m against liabilities of $425k, net assets of $653k. It reported 10 employees.