Family Promise of Greater Kingsport

Analysis

Family Promise of Greater Kingsport is a registered charity in United States, based in Kingsport, TN. It received its IRS tax-exemption ruling in May 2000, 26 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 Greater Kingsport reported income of $279k and spending of $378k, spending 136% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $214k to $279k (+31%), an average of +9.3% a year. The sharpest change came in the year to December 2021, when income rose by 94%. Over the whole period it spent 95% 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 Greater Kingsport sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 61st percentile within TN. Charities of a similar size with the same main cause include Higher Living Inc ($279k), Haven of Manitowoc County Inc ($279k) and United Church Residences of Holly Springs Mississippi Inc ($279k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $67k (18% of expenses). Other salaries and wages came to $91k. At year end it held assets of $345k against liabilities of $0, net assets of $345k. It reported 8 employees.