Family Promise of Newrock

Analysis

Family Promise of Newrock is a registered charity in United States, based in Conyers, GA. It received its IRS tax-exemption ruling in July 2010, 16 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 Newrock reported income of $78k and spending of $75k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $40k to $78k (+93%), an average of +94% a year. The sharpest change came in the year to December 2023, when income rose by 93%. Over the whole period it spent 102% 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 Newrock sits at the 17th percentile: it is larger than about 17% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 31st percentile within GA. Charities of a similar size with the same main cause include Allied Services Continuing Careretirement Community ($78k), Phi Lambda Educational and Community Foundation Inc ($78k) and Call to Build Inc ($78k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. At year end it held assets of $140k against liabilities of $59k, net assets of $81k.