Family Promise of Anoka County

Analysis

Family Promise of Anoka County is a registered charity in United States, based in Coon Rapids, MN. It received its IRS tax-exemption ruling in January 2010, 16 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 Anoka County reported income of $1.6m and spending of $518k, leaving 69% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $480k to $1.6m (+244%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 292%. Over the whole period it spent 65% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Promise of Anoka County sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within MN. Charities of a similar size with the same main cause include Chaim Lechag Inc ($1.6m), Womens Center Inc ($1.6m) and Up on Top ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $63k (12% of expenses). Other salaries and wages came to $176k. At year end it held assets of $1.5m against liabilities of $15k, net assets of $1.5m. It reported 6 employees.