Family Promise of Philadelphia

Analysis

Family Promise of Philadelphia is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in March 1992, 34 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 Philadelphia reported income of $892k and spending of $1.1m, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $973k to $892k (-8.3%), an average of -2.1% a year. The sharpest change came in the year to December 2022, when income dropped by 32%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Promise of Philadelphia sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 76th percentile within PA. Charities of a similar size with the same main cause include Montgomery County Food Council Inc ($892k), La-Aretz ($892k) and Waunakee Neighborhood Connection Corp ($892k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $77k (6.9% of expenses). Other salaries and wages came to $187k. At year end it held assets of $585k against liabilities of $182k, net assets of $403k. It reported 7 employees.