Family Promise of Southwest New Jersey a NJ Nonprofit Corporation

Analysis

Family Promise of Southwest New Jersey a NJ Nonprofit Corporation is a registered charity in United States, based in Clarksboro, NJ. It received its IRS tax-exemption ruling in August 2003, 23 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 Southwest New Jersey a NJ Nonprofit Corporation reported income of $401k and spending of $523k, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $242k to $401k (+66%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 72%. Over the whole period it spent 109% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Promise of Southwest New Jersey a NJ Nonprofit Corporation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 72nd percentile within NJ. Charities of a similar size with the same main cause include Together We Can Foundation ($401k), Barn Thrift Shop ($402k) and Potluck in the Park ($401k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $69k (13% of expenses). Other salaries and wages came to $167k. At year end it held assets of $140k against liabilities of $201k, net assets of -$60k. It reported 10 employees.