Family Promise of Shenandoah County Inc

Analysis

Family Promise of Shenandoah County Inc is a registered charity in United States, based in Woodstock, VA. It received its IRS tax-exemption ruling in November 2014, 12 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Shenandoah County Inc reported income of $560k and spending of $549k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $205k to $560k (+173%), an average of +29% a year. The sharpest change came in the year to December 2020, when income rose by 63%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Family Promise of Shenandoah County Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within VA. Charities of a similar size with the same main cause include Salem Baptist Church of Atlanta Housing Foundation Inc ($560k), New Bryant Arms South ($561k) and Ahsc Qalicb ($560k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $64k (12% of expenses). Other salaries and wages came to $110k. At year end it held assets of $316k against liabilities of $33k, net assets of $283k. It reported 6 employees.