Family Promise of Greater Roanoke Inc

Analysis

Family Promise of Greater Roanoke Inc is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in November 1997, 29 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 Greater Roanoke Inc reported income of $446k and spending of $374k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $351k to $446k (+27%), an average of +6.2% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Promise of Greater Roanoke Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within VA. Charities of a similar size with the same main cause include Bread of Life Missions ($446k), Service Never Sleeps ($446k) and SFM Charities Inc ($446k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $83k (22% of expenses). Other salaries and wages came to $120k. At year end it held assets of $965k against liabilities of $298k, net assets of $667k. It reported 18 employees.