Family Promise of South Sarasota County Inc

Analysis

Family Promise of South Sarasota County Inc is a registered charity in United States, based in Venice, FL. It received its IRS tax-exemption ruling in September 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 South Sarasota County Inc reported income of $1.1m and spending of $925k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $361k to $1.1m (+201%), an average of +32% a year. The sharpest change came in the year to December 2021, when income rose by 135%. Over the whole period it spent 56% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Promise of South Sarasota County Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include F I S H of Orchards Inc ($1.1m), Open Source Wellness ($1.1m) and Beyond Your Ordinary Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $112k (12% of expenses). Other salaries and wages came to $232k. It paid $16k in professional fundraising fees. At year end it held assets of $4.0m against liabilities of $1.1m, net assets of $3.0m. It reported 9 employees.