Family Promise of Bristol

Analysis

Family Promise of Bristol is a registered charity in United States, based in Bristol, TN. It received its IRS tax-exemption ruling in June 2011, 15 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Bristol reported income of $391k and spending of $435k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $24k to $391k (+1511%), an average of +100% a year. The sharpest change came in the year to December 2021, when income rose by 2143%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Family Promise of Bristol sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within TN. Charities of a similar size with the same main cause include Vinton County Housing Development Corporation ($391k), The Well of Lexington Inc ($391k) and Pennswood Village Residents Assn ($391k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $206k. At year end it held assets of $107k against liabilities of $0, net assets of $107k. It reported 4 employees.