Family Promise of Cobb County

Analysis

Family Promise of Cobb County is a registered charity in United States, based in Marietta, GA. It received its IRS tax-exemption ruling in September 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 2023, Family Promise of Cobb County reported income of $220k and spending of $207k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $279k to $220k (-21%), an average of -5.8% a year. The sharpest change came in the year to December 2022, when income dropped by 26%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Promise of Cobb County sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within GA. Charities of a similar size with the same main cause include Ocean Park Food Bank ($220k), Feed the Need of Putnam County Inc ($220k) and Kings and Queens International ($220k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% of the total. Compensation of current officers, directors and key employees was $55k (27% of expenses). Other salaries and wages came to $38k. At year end it held assets of $192k against liabilities of $0, net assets of $192k. It reported 3 employees.