Family Promise of Bergen County a New Jersey Non Profit Corporation

Analysis

Family Promise of Bergen County a New Jersey Non Profit Corporation is a registered charity in United States, based in Ridgewood, NJ. It received its IRS tax-exemption ruling in October 1988, 38 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 Bergen County a New Jersey Non Profit Corporation reported income of $1.8m and spending of $1.8m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.8m (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2020, when income rose by 61%. Over the whole period it spent 77% 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 Bergen County a New Jersey Non Profit Corporation sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within NJ. Charities of a similar size with the same main cause include Garden Terrace ($1.8m), Bowdoin Manor Housing Inc ($1.8m) and Habitat for Humanity York Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $133k (7.6% of expenses). Other salaries and wages came to $477k. At year end it held assets of $3.2m against liabilities of $55k, net assets of $3.2m. It reported 12 employees.