Family Promise of Lawton Incorporated

Analysis

Family Promise of Lawton Incorporated is a registered charity in United States, based in Lawton, OK. It received its IRS tax-exemption ruling in September 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 Lawton Incorporated reported income of $426k and spending of $362k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $104k to $426k (+310%), an average of +42% a year. The sharpest change came in the year to December 2022, when income rose by 171%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Promise of Lawton Incorporated 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 69th percentile within OK. Charities of a similar size with the same main cause include His Hope House Corporation ($426k), Mollys Angels of Napa Valley ($426k) and Park Place Non-Profit Center Co ($426k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $44k (12% of expenses). Other salaries and wages came to $58k. At year end it held assets of $387k against liabilities of $33k, net assets of $354k. It reported 7 employees.