Family Promise of Bradley County

Analysis

Family Promise of Bradley County is a registered charity in United States, based in Cleveland, TN. It received its IRS tax-exemption ruling in August 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 Bradley County reported income of $226k and spending of $274k, spending 121% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $262k to $226k (-14%), an average of -4.9% a year. Over the whole period it spent 91% 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 Bradley County sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 57th percentile within TN. Charities of a similar size with the same main cause include Jewel Lake Senior Housing Inc ($226k), Washington County Residences ($226k) and First Baptist Housing Development Inc II ($226k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $52k (19% of expenses). Other salaries and wages came to $59k. At year end it held assets of $182k against liabilities of $1,160, net assets of $181k. It reported 4 employees.