Family Promise of Monroe County Inc

Analysis

Family Promise of Monroe County Inc is a registered charity in United States, based in Stroudsburg, PA. It received its IRS tax-exemption ruling in August 2007, 19 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 June 2023, Family Promise of Monroe County Inc reported income of $2.0m and spending of $1.7m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $450k to $2.0m (+348%), an average of +46% a year. The sharpest change came in the year to June 2021, when income rose by 93%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Promise of Monroe County Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within PA. Charities of a similar size with the same main cause include Blithesome Home Inc ($2.0m), Alaska Institute for Justice ($2.0m) and Cascade County Council of the Society of St Vincent de Paul ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $90k (5.3% of expenses). Other salaries and wages came to $402k. At year end it held assets of $1.5m against liabilities of $503k, net assets of $1.0m. It reported 8 employees.