Family Promise of Skagit Valley

Analysis

Family Promise of Skagit Valley is a registered charity in United States, based in Sedro Woolley, WA. It received its IRS tax-exemption ruling in June 2014, 12 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 Skagit Valley reported income of $693k and spending of $710k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $275k to $693k (+152%), an average of +26% a year. The sharpest change came in the year to December 2020, when income rose by 113%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Promise of Skagit Valley sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within WA. Charities of a similar size with the same main cause include Foster Care Closet ($693k), Golden Heart Ranch ($693k) and Casa of Philadelphia County ($693k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 8.5% of the total. Other salaries and wages came to $336k. At year end it held assets of $314k against liabilities of $6,992, net assets of $307k. It reported 20 employees.