Family Promise of Gwinnett County Inc

Analysis

Family Promise of Gwinnett County Inc is a registered charity in United States, based in Lawrenceville, GA. It received its IRS tax-exemption ruling in August 2004, 22 years ago. 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 Gwinnett County Inc reported income of $513k and spending of $526k, spending 102% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $377k to $513k (+36%), an average of +6.4% a year. The sharpest change came in the year to December 2021, when income rose by 146%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Family Promise of Gwinnett County Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 74th percentile within GA. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($513k), Lutheran Housing Services 6 Incorporated ($513k) and Flight Test Historical Foundation ($513k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% of the total. Compensation of current officers, directors and key employees was $78k (15% of expenses). Other salaries and wages came to $109k. At year end it held assets of $985k against liabilities of $6,938, net assets of $978k. It reported 7 employees.