Family Promise Metrowest Inc

Analysis

Family Promise Metrowest Inc is a registered charity in United States, based in Natick, MA. 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 Metrowest Inc reported income of $1.3m and spending of $1.3m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $973k to $1.3m (+37%), an average of +8.3% a year. The sharpest change came in the year to December 2020, when income rose by 45%. Over the whole period it spent 81% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Family Promise Metrowest Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MA. Charities of a similar size with the same main cause include Virginia Equal Housing Foundation ($1.3m), Sisters of Charity Health Care System Housing Development Fund Co ($1.3m) and Key Haven Families Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $138k (10% of expenses). Other salaries and wages came to $545k. At year end it held assets of $2.9m against liabilities of $46k, net assets of $2.8m. It reported 11 employees.