Family Promise of the Midlands Inc

Analysis

Family Promise of the Midlands Inc is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in March 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 the Midlands Inc reported income of $439k and spending of $476k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $287k to $439k (+53%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 69%. Over the whole period it spent 85% 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 Midlands Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 73rd percentile within SC. Charities of a similar size with the same main cause include Paris Foundation ($439k), Caring and Sharing Food Pantry Inc ($439k) and Santiagos Charities ($439k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 118% of the total. Compensation of current officers, directors and key employees was $93k (20% of expenses). Other salaries and wages came to $144k. At year end it held assets of $840k against liabilities of $1,546, net assets of $838k. It reported 4 employees.