Family Promise of the Lowcountry Inc

Analysis

Family Promise of the Lowcountry Inc is a registered charity in United States, based in Bluffton, SC. It received its IRS tax-exemption ruling in February 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 the Lowcountry Inc reported income of $549k and spending of $624k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $483k to $549k (+14%), an average of +3.3% a year. The sharpest change came in the year to December 2020, when income rose by 41%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Promise of the Lowcountry Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within SC. Charities of a similar size with the same main cause include High Country Caregiver Foundation ($549k), Reach One Touch One Inc ($549k) and Help 4 Kids Florence ($549k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $78k (12% of expenses). Other salaries and wages came to $161k. At year end it held assets of $1.2m against liabilities of $19k, net assets of $1.2m. It reported 11 employees.