Family Promise of the Palouse Inc

Analysis

Family Promise of the Palouse Inc is a registered charity in United States, based in Pullman, WA. It received its IRS tax-exemption ruling in April 2012, 14 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 2022, Family Promise of the Palouse Inc reported income of $343k and spending of $307k, spending 90% of its income. Across the 5 years on record, from December 2018 to December 2022, income grew from $231k to $343k (+48%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 41%. Over the whole period it spent 78% 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 Palouse Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within WA. Charities of a similar size with the same main cause include Living 127 Inc ($343k), Frontline Resurrection ($343k) and American Purpose LLC ($342k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $146k. At year end it held assets of $388k against liabilities of $0, net assets of $388k. It reported 10 employees.