Family Promise of Clear Creek

Analysis

Family Promise of Clear Creek is a registered charity in United States, based in League City, TX. It received its IRS tax-exemption ruling in April 2014, 12 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Clear Creek reported income of $376k and spending of $358k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $232k to $376k (+62%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 84% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Family Promise of Clear Creek sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 70th percentile within TX. Charities of a similar size with the same main cause include GSBC Community Development Corp ($376k), New Jersey State Federation of Womens Clubs ($376k) and Shack Harris and Doug Williams Foundation Inc ($375k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $105k (29% of expenses). Other salaries and wages came to $71k. At year end it held assets of $463k against liabilities of $11k, net assets of $452k. It reported 6 employees.