Family Promise of Hendricks County Inc

Analysis

Family Promise of Hendricks County Inc is a registered charity in United States, based in Plainfield, IN. It received its IRS tax-exemption ruling in November 2013, 13 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 Hendricks County Inc reported income of $3.6m and spending of $2.5m, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $718k to $3.6m (+402%), an average of +50% a year. The sharpest change came in the year to December 2021, when income rose by 173%. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Promise of Hendricks County Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within IN. Charities of a similar size with the same main cause include Ozarks Food Harvest Foundation ($3.6m), Domestic Violence Resource Center ($3.6m) and Shepherds Hope Ltd ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $90k (3.6% of expenses). Other salaries and wages came to $727k. At year end it held assets of $3.3m against liabilities of $226k, net assets of $3.1m. It reported 32 employees.