Family Promise of the Lower Cape Fear Inc

Analysis

Family Promise of the Lower Cape Fear Inc is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in February 1996, 30 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 the Lower Cape Fear Inc reported income of $863k and spending of $1.0m, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $656k to $863k (+32%), an average of +7.1% a year. The sharpest change came in the year to December 2021, when income rose by 35%. Over the whole period it spent 101% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Family Promise of the Lower Cape Fear Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within NC. Charities of a similar size with the same main cause include Christian Youth Camps Inc ($863k), Global Evangelical Church Inc ($863k) and Noam Shabbos ($862k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 8.4% of the total. Compensation of current officers, directors and key employees was $92k (9.2% of expenses). Other salaries and wages came to $97k. At year end it held assets of $664k against liabilities of $518k, net assets of $147k. It reported 5 employees.