Family Promise of Bryan-Collegestation

Analysis

Family Promise of Bryan-Collegestation is a registered charity in United States, based in College Sta, TX. It received its IRS tax-exemption ruling in May 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 December 2023, Family Promise of Bryan-Collegestation reported income of $173k and spending of $272k, spending 157% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $253k to $173k (-32%), an average of -9.1% a year. The sharpest change came in the year to December 2022, when income dropped by 25%. Over the whole period it spent 123% 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 Bryan-Collegestation sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 54th percentile within TX. Charities of a similar size with the same main cause include Rivertree Apartments Inc ($173k), Sakura Foundation ($173k) and Berkshire Community Apartments Inc ($173k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $63k (23% of expenses). Other salaries and wages came to $59k. At year end it held assets of $1.7m against liabilities of $4,931, net assets of $1.7m. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.