Family Promise of Western New York

Analysis

Family Promise of Western New York is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in March 1996, 30 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, Family Promise of Western New York reported income of $1.0m and spending of $868k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $340k to $1.0m (+202%), an average of +32% a year. The sharpest change came in the year to December 2021, when income rose by 61%. Over the whole period it spent 72% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Family Promise of Western New York sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include LCH Benefit TR ($1.0m), Summit Hill Community Development Corporation ($1.0m) and Ascending to Health Respite Care Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $56k (6.5% of expenses). Other salaries and wages came to $428k. At year end it held assets of $1.2m against liabilities of $94k, net assets of $1.1m. It reported 37 employees.