Fort Bend Family Promise

Analysis

Fort Bend Family Promise is a registered charity in United States, based in Missouri City, TX. It received its IRS tax-exemption ruling in November 2005, 21 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, Fort Bend Family Promise reported income of $1.1m and spending of $914k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $371k to $1.1m (+206%), an average of +32% a year. The sharpest change came in the year to December 2020, when income rose by 74%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fort Bend Family Promise sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include Pine Forest Rest Inc ($1.1m), Newburgh Interfaith Emergency Housing Inc ($1.1m) and Georgia Junior Golf Foundation Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $94k (10% of expenses). Other salaries and wages came to $294k. It paid $11k in professional fundraising fees. At year end it held assets of $2.0m against liabilities of $524k, net assets of $1.4m. It reported 20 employees.