Family Promise of Hunterdon County Inc

Analysis

Family Promise of Hunterdon County Inc is a registered charity in United States, based in Flemington, NJ. It received its IRS tax-exemption ruling in February 1991, 35 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 Hunterdon County Inc reported income of $911k and spending of $793k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $587k to $911k (+55%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 73%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Promise of Hunterdon County Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 81st percentile within NJ. Charities of a similar size with the same main cause include Community Day Center for Children ($911k), Cadets Childcare Inc ($911k) and Toyei Industries Inc ($911k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $89k (11% of expenses). Other salaries and wages came to $180k. At year end it held assets of $963k against liabilities of $148k, net assets of $816k. It reported 8 employees.