Family Promise of Forsyth County Inc

Analysis

Family Promise of Forsyth County Inc is a registered charity in United States, based in Cumming, GA. It received its IRS tax-exemption ruling in December 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 Forsyth County Inc reported income of $525k and spending of $315k, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $221k to $525k (+138%), an average of +24% a year. The sharpest change came in the year to December 2021, when income rose by 176%. 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 Forsyth County Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within GA. Charities of a similar size with the same main cause include Queer Power Alliance ($525k), Pegasus Project Foundation ($525k) and Pearls Unlimited Inc ($525k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. Other salaries and wages came to $139k. At year end it held assets of $1.3m against liabilities of $82k, net assets of $1.2m. It reported 7 employees.