Family Promise of the Chippewa Valley Inc

Analysis

Family Promise of the Chippewa Valley Inc is a registered charity in United States, based in Eau Claire, WI. It received its IRS tax-exemption ruling in November 1994, 32 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 the Chippewa Valley Inc reported income of $447k and spending of $542k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $407k to $447k (+9.8%), an average of +2.4% a year. The sharpest change came in the year to December 2020, when income rose by 38%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Promise of the Chippewa Valley Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within WI. Charities of a similar size with the same main cause include Dwelling House of Hope Inc ($447k), Faith at Work Ministries ($447k) and Epilepsy Coalition of New York State Inc ($447k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 3.0% of the total. Compensation of current officers, directors and key employees was $72k (13% of expenses). Other salaries and wages came to $163k. At year end it held assets of $1.2m against liabilities of $293k, net assets of $860k. It reported 24 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.