Family Promise of Athens Inc

Analysis

Family Promise of Athens Inc is a registered charity in United States, based in Athens, GA. It received its IRS tax-exemption ruling in January 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 Athens Inc reported income of $1.2m and spending of $851k, leaving 28% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $396k to $1.2m (+197%), an average of +44% a year. The sharpest change came in the year to December 2023, when income rose by 197%. Over the whole period it spent 80% 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 Athens Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within GA. Charities of a similar size with the same main cause include Lutheran Homes of Michigan Foundation ($1.2m), Habitat for Humanity International Inc ($1.2m) and Pro Viviendas III Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $230k. At year end it held assets of $508k against liabilities of $7,162, net assets of $501k.