Family Promise of Sussex County Inc

Analysis

Family Promise of Sussex County Inc is a registered charity in United States, based in Newton, NJ. It received its IRS tax-exemption ruling in December 1997, 29 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 Sussex County Inc reported income of $3.2m and spending of $2.9m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $877k to $3.2m (+262%), an average of +38% a year. The sharpest change came in the year to December 2022, when income rose by 46%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Promise of Sussex County Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within NJ. Charities of a similar size with the same main cause include Family Legal Care Inc ($3.2m), Aster Aging Inc ($3.2m) and Community Link Capital Region ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $110k (3.7% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $964k against liabilities of $128k, net assets of $836k. It reported 42 employees.