Family Promise of Greater Cleveland

Analysis

Family Promise of Greater Cleveland is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in May 1989, 37 years ago. 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 Cleveland reported income of $1.4m and spending of $1.8m, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.4m (+0.6%), an average of +0.2% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Family Promise of Greater Cleveland 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 83rd percentile, and in the 83rd percentile within OH. Charities of a similar size with the same main cause include A E T Library Endowment ($1.4m), Museum of American Finance ($1.4m) and Center for Study of Responsive Law ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $109k (6.1% of expenses). Other salaries and wages came to $803k. At year end it held assets of $5.2m against liabilities of $80k, net assets of $5.1m. It reported 23 employees.