Family Promise of Berks County Inc

Analysis

Family Promise of Berks County Inc is a registered charity in United States, based in Reading, PA. It received its IRS tax-exemption ruling in January 2007, 19 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 September 2023, Family Promise of Berks County Inc reported income of $340k and spending of $422k, spending 124% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $315k to $340k (+8.0%), an average of +1.9% a year. The sharpest change came in the year to September 2021, when income rose by 52%. Over the whole period it spent 91% 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 Berks County Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within PA. Charities of a similar size with the same main cause include Odd Fellows & Rebekahs Friendship Towers Inc ($340k), Newnan-Coweta Angels House Inc ($341k) and Maryvale Apartments Inc ($340k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 103% of the total. Compensation of current officers, directors and key employees was $69k (16% of expenses). Other salaries and wages came to $94k. At year end it held assets of $351k against liabilities of $4,145, net assets of $347k. It reported 7 employees.