Family Promise of Kandiyohi County Inc

Analysis

Family Promise of Kandiyohi County Inc is a registered charity in United States, based in Willmar, MN. It received its IRS tax-exemption ruling in March 2014, 12 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Kandiyohi County Inc reported income of $187k and spending of $213k, spending 114% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $98k to $187k (+90%), an average of +90% a year. The sharpest change came in the year to December 2023, when income rose by 90%. Over the whole period it spent 118% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Family Promise of Kandiyohi County Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within MN. Charities of a similar size with the same main cause include Coach Blair Charities ($187k), Roane County United Way ($187k) and Salute to Heroes Charlotte ($187k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $129k against liabilities of $9,254, net assets of $120k.