Family Promise of Greater Beloit Inc

Analysis

Family Promise of Greater Beloit Inc is a registered charity in United States, based in Beloit, WI. It received its IRS tax-exemption ruling in December 2001, 25 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 Greater Beloit Inc reported income of $412k and spending of $411k, spending 100% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $274k to $412k (+51%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 119%. Over the whole period it spent 66% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Promise of Greater Beloit Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within WI. Charities of a similar size with the same main cause include Trinity in His House Foundation 1 Inc ($412k), Child and Family Advocates of Cuyahoga County ($412k) and Casa Ramona Inc ($412k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Other salaries and wages came to $163k. At year end it held assets of $994k against liabilities of $183k, net assets of $811k. It reported 5 employees.