Family Promise of Coastal Alabama Inc

Analysis

Family Promise of Coastal Alabama Inc is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in October 2003, 23 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 2023, Family Promise of Coastal Alabama Inc reported income of $192k and spending of $230k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $171k to $192k (+12%), an average of +2.8% a year. The sharpest change came in the year to December 2022, when income dropped by 41%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Promise of Coastal Alabama Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 54th percentile within AL. Charities of a similar size with the same main cause include Project Ujima Inc ($192k), Tenacious Group Inc ($192k) and Az Heroes to Hometowns Foundation ($192k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 105% of the total. Other salaries and wages came to $118k. At year end it held assets of $398k against liabilities of $399k, net assets of -$454. It reported 5 employees.