Family Promise of Greater Indianapolis Inc

Analysis

Family Promise of Greater Indianapolis Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in April 1994, 32 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 2022, Family Promise of Greater Indianapolis Inc reported income of $1.6m and spending of $1.8m, spending 107% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $559k to $1.6m (+195%), an average of +43% a year. The sharpest change came in the year to December 2020, when income rose by 74%. Over the whole period it spent 90% 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 Indianapolis Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within IN. Charities of a similar size with the same main cause include St Agnes Senior Citizen Housing de Velopment Fund Company Inc ($1.6m), Presidio Gate Apartments ($1.6m) and Carmel Valley Manor Foundation ($1.6m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 80% of the total. Other salaries and wages came to $416k. At year end it held assets of $811k against liabilities of $4,436, net assets of $807k. It reported 11 employees.