Family Promise of Brevard Inc

Analysis

Family Promise of Brevard Inc is a registered charity in United States, based in Cocoa, FL. It received its IRS tax-exemption ruling in November 2007, 19 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 Brevard Inc reported income of $1.8m and spending of $1.8m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $552k to $1.8m (+225%), an average of +34% a year. The sharpest change came in the year to December 2022, when income rose by 158%. Over the whole period it spent 69% 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 Brevard Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include Amherst Glen Senior Apartments Inc ($1.8m), Grandview Apartments Affordable Housing Corporation ($1.8m) and Immanuel Community Vision Foundation ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $84k (4.7% of expenses). Other salaries and wages came to $611k. At year end it held assets of $4.7m against liabilities of $59k, net assets of $4.6m. It reported 17 employees.