Family Promise of Knoxville

Analysis

Family Promise of Knoxville is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in November 2004, 22 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 Knoxville reported income of $472k and spending of $447k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $433k to $472k (+9.1%), an average of +2.2% a year. The sharpest change came in the year to December 2021, when income rose by 27%. 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 Knoxville sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within TN. Charities of a similar size with the same main cause include Ahepa 501 Inc ($472k), Habitat for Humanity International Inc ($472k) and West Jordan Senior Housing Corporation ($472k).

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 $43k (9.5% of expenses). Other salaries and wages came to $100k. At year end it held assets of $954k against liabilities of $5,433, net assets of $948k. It reported 5 employees.