Family Promise of Greater Rochester Inc

Analysis

Family Promise of Greater Rochester Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in March 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 Greater Rochester Inc reported income of $958k and spending of $653k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $374k to $958k (+156%), an average of +26% a year. The sharpest change came in the year to December 2021, when income rose by 370%. Over the whole period it spent 81% 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 Rochester Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Senior Resource Center for Douglas County Inc ($958k), Sprout City Farms Inc ($958k) and Afghan Support Network ($958k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $81k (12% of expenses). Other salaries and wages came to $215k. At year end it held assets of $1.5m against liabilities of $166k, net assets of $1.4m. It reported 9 employees.