Family Promise of Northwestern Ohio

Analysis

Family Promise of Northwestern Ohio is a registered charity in United States, based in Lima, OH. It received its IRS tax-exemption ruling in August 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 Northwestern Ohio reported income of $470k and spending of $334k, leaving 29% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $211k to $470k (+123%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 95%. Over the whole period it spent 72% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Promise of Northwestern Ohio sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within OH. Charities of a similar size with the same main cause include Fort Worth Food & Wine Foundation ($470k), Just Kidding Child Care Center Inc ($470k) and Mayo Street Arts ($470k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $52k (16% of expenses). At year end it held assets of $580k against liabilities of $516, net assets of $580k.