Family Promise of Lake Houston

Analysis

Family Promise of Lake Houston is a registered charity in United States, based in Humble, TX. It received its IRS tax-exemption ruling in March 2008, 18 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 Lake Houston reported income of $562k and spending of $492k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $255k to $562k (+120%), an average of +22% a year. The sharpest change came in the year to December 2022, when income rose by 69%. Over the whole period it spent 69% 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 Lake Houston sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within TX. Charities of a similar size with the same main cause include Salisbury Housing Trust ($562k), American Opportunity for Housing Inc ($562k) and Shelter Providers of Phoenix ($561k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 120% of the total. Other salaries and wages came to $135k. It paid $106k in professional fundraising fees. At year end it held assets of $1.6m against liabilities of $519k, net assets of $1.0m. It reported 4 employees.