Family Promise North Shore Boston Inc

Analysis

Family Promise North Shore Boston Inc is a registered charity in United States, based in Beverly, MA. It received its IRS tax-exemption ruling in January 2012, 14 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 North Shore Boston Inc reported income of $512k and spending of $501k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $307k to $512k (+67%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 38%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Promise North Shore Boston Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within MA. Charities of a similar size with the same main cause include Horsemens Distress Fund Inc ($512k), Little Tokyo Nutrition Services ($512k) and New Choices Inc ($512k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $91k (18% of expenses). Other salaries and wages came to $223k. At year end it held assets of $266k against liabilities of $10k, net assets of $256k. It reported 7 employees.