Family Promise of the Capital Region Inc

Analysis

Family Promise of the Capital Region Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in December 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 the Capital Region Inc reported income of $365k and spending of $215k, leaving 41% of income unspent that year. Across the 5 years on record, from December 2018 to December 2023, income grew from $206k to $365k (+77%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 137%. Over the whole period it spent 81% 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 Capital Region Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Hershey Housing ($365k), Hollister House Inc ($365k) and Shelters Right Hand ($365k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. Other salaries and wages came to $88k. At year end it held assets of $243k against liabilities of $0, net assets of $243k. It reported 4 employees.