Family Promise of Lee County Inc

Analysis

Family Promise of Lee County Inc is a registered charity in United States, based in Sanford, NC. It received its IRS tax-exemption ruling in May 2011, 15 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 Lee County Inc reported income of $83k and spending of $116k, spending 140% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $104k to $83k (-20%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 20%. Over the whole period it spent 121% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Promise of Lee County Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 30th percentile within NC. Charities of a similar size with the same main cause include Out of the Dark Inc ($83k), Prairie Lakes Pheasants Inc ($83k) and Prime Community Development Corporation ($83k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $31k against liabilities of $0, net assets of $31k.