Family Promise of Carteret County

Analysis

Family Promise of Carteret County is a registered charity in United States, based in Morehead City, NC. It received its IRS tax-exemption ruling in August 2011, 15 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 Carteret County reported income of $171k and spending of $140k, spending 82% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $201k to $171k (-15%), an average of -7.6% a year. The sharpest change came in the year to December 2023, when income rose by 64%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Family Promise of Carteret County sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within NC. Charities of a similar size with the same main cause include Border Financial Resources Inc ($171k), Mascoma Valley Preservation ($172k) and Sprocket Mural Works Inc ($171k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $66k. At year end it held assets of $108k against liabilities of $1,247, net assets of $107k. It reported 3 employees.