Family Promise of Pinellas County

Analysis

Family Promise of Pinellas County is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in April 2009, 17 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 Pinellas County reported income of $112k and spending of $175k, spending 157% of what it took in. Across the 3 years on record, from December 2018 to December 2023, income grew from $74k to $112k (+51%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 79%. Over the whole period it spent 193% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Promise of Pinellas County sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 43rd percentile within FL. Charities of a similar size with the same main cause include Mad River Valley Interfaith Council Inc ($112k), Good Life Community Development ($112k) and Novato Community Inc ($112k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 68% of the total. At year end it held assets of $11k against liabilities of $6,017, net assets of $5,458.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.