Family Promise of Mid Michigan

Analysis

Family Promise of Mid Michigan is a registered charity in United States, based in Flint, MI. It received its IRS tax-exemption ruling in February 2013, 13 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 September 2023, Family Promise of Mid Michigan reported income of $288k and spending of $248k, spending 86% of its income. Across the 3 years on record, from December 2018 to September 2023, income grew from $173k to $288k (+67%), an average of +29% a year. The sharpest change came in the year to September 2023, when income rose by 122%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Promise of Mid Michigan sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within MI. Charities of a similar size with the same main cause include Texas 20 ($288k), Friends of Arts & Humanities Inc ($289k) and California Community Collegescalworks Association ($288k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $109k (44% of expenses). At year end it held assets of $95k against liabilities of $54k, net assets of $40k.