Family Promise of Lawrence Inc

Analysis

Family Promise of Lawrence Inc is a registered charity in United States, based in Lawrence, KS. It received its IRS tax-exemption ruling in September 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 Lawrence Inc reported income of $899k and spending of $757k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $513k to $899k (+75%), an average of +15% a year. The sharpest change came in the year to December 2020, when income rose by 255%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Promise of Lawrence Inc 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 79th percentile within KS. Charities of a similar size with the same main cause include Childrens Community School ($899k), Liberty Road Foundation ($899k) and Community Agency for Resources Advocacy & Services ($899k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 6.1% of the total. Compensation of current officers, directors and key employees was $77k (10% of expenses). Other salaries and wages came to $352k. At year end it held assets of $1.2m against liabilities of $175k, net assets of $1.1m. It reported 13 employees.