Family Promise of Washington County

Analysis

Family Promise of Washington County is a registered charity in United States, based in West Bend, WI. It received its IRS tax-exemption ruling in October 2009, 17 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Washington County reported income of $4.0m and spending of $1.2m, leaving 69% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $4.0m (+282%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 98%. Over the whole period it spent 55% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Family Promise of Washington County sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within WI. Charities of a similar size with the same main cause include Thorpe Housing Development Fund Company Inc ($4.0m), National Fellowship Brethren Retirement Homes Incorporated ($4.0m) and Assisi Homes-Batavia Apartments Inc ($4.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $124k (10% of expenses). Other salaries and wages came to $504k. At year end it held assets of $6.9m against liabilities of $419k, net assets of $6.5m. It reported 34 employees.