Family Promise of Warren County Inc

Analysis

Family Promise of Warren County Inc is a registered charity in United States, based in Phillipsburg, NJ. It received its IRS tax-exemption ruling in June 2006, 20 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 Warren County Inc reported income of $1.1m and spending of $887k, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $512k to $1.1m (+117%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 182%. Over the whole period it spent 94% 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 Warren County Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 83rd percentile within NJ. Charities of a similar size with the same main cause include Garden Court Inc ($1.1m), San Luis Valley Farmworker Housing Corporation Inc ($1.1m) and Pinnacle Residential ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $115k (13% of expenses). Other salaries and wages came to $150k. At year end it held assets of $423k against liabilities of $24k, net assets of $399k. It reported 8 employees.