Family Promise of Burlington County Inc

Analysis

Family Promise of Burlington County Inc is a registered charity in United States, based in Moorestown, NJ. It received its IRS tax-exemption ruling in August 1997, 29 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 Burlington County Inc reported income of $161k and spending of $159k, spending 99% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $201k to $161k (-20%), an average of -11% a year. The sharpest change came in the year to December 2022, when income rose by 64%. Over the whole period it spent 108% 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 Burlington County Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 56th percentile within NJ. Charities of a similar size with the same main cause include Alameda Gardens Inc ($161k), Vita Nova Foundation Inc ($161k) and Plymouth Place Inc ($161k).

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 $51k (32% of expenses). Other salaries and wages came to $9,160. At year end it held assets of $42k against liabilities of $0, net assets of $42k.