Family Promise of Longview Inc

Analysis

Family Promise of Longview Inc is a registered charity in United States, based in Longview, TX. It received its IRS tax-exemption ruling in March 2009, 17 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 2022, Family Promise of Longview Inc reported income of $312k and spending of $209k, leaving 33% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $307k to $312k (+1.7%), an average of +0.6% a year. The sharpest change came in the year to December 2022, when income rose by 35%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Promise of Longview Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 67th percentile within TX. Charities of a similar size with the same main cause include Youth Organizations United to Rise ($312k), Lifecare Pregnancy Resources ($312k) and Boone County Child Advocacy Center Inc ($312k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 52% of the total. Compensation of current officers, directors and key employees was $60k (29% of expenses). Other salaries and wages came to $32k. At year end it held assets of $348k against liabilities of $7,685, net assets of $340k. It reported 2 employees.