Family Promise of the Jersey Shore Inc

Analysis

Family Promise of the Jersey Shore Inc is a registered charity in United States, based in West Creek, NJ. It received its IRS tax-exemption ruling in May 2008, 18 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 the Jersey Shore Inc reported income of $598k and spending of $528k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $219k to $598k (+173%), an average of +28% a year. The sharpest change came in the year to December 2021, when income rose by 82%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Promise of the Jersey Shore Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within NJ. Charities of a similar size with the same main cause include Garfield County Child Advocacy Council Inc ($598k), Disabled American Veterans of Minnesota Foundation ($598k) and Early Childhood Network ($598k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $106k (20% of expenses). Other salaries and wages came to $154k. At year end it held assets of $672k against liabilities of $81k, net assets of $592k. It reported 10 employees.