Family Promise Rochester

Analysis

Family Promise Rochester is a registered charity in United States, based in Rochester, MN. It received its IRS tax-exemption ruling in May 2000, 26 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 Rochester reported income of $439k and spending of $285k, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $264k to $439k (+67%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 105%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Promise Rochester sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within MN. Charities of a similar size with the same main cause include Triniteam Inc ($439k), New Kids Production & Design Inc ($439k) and Taunton Community Access and Mediainc ($439k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $61k (21% of expenses). Other salaries and wages came to $63k. At year end it held assets of $820k against liabilities of $235k, net assets of $585k. It reported 5 employees.